SARFAESI Act - The importance of claim for Loss and Damages

T.R.Radhakrishnan | Last updated: 10 May 2012

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Many instances have been reported that the Authorised Officer and the Presiding Officer of DRT rejecting the claim for loss and damages or counter claims by the borrowers under SARFAESI ACT. Such rejections are based on the mistaken notion that there is no rule under SARFAESI ACT to put up such claims to the Authorised Officer or to DRT. Due to this false notion, the advocates also do not encourage the borrowers to claim loss and damages or preferring a counter claim in DRT. But a dispassiona

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About the Author

T.R.Radhakrishnan

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I am an Ex- Banker. Presently Banking Management Consultant, NPA Resolution Consultant, Human Resources Trainer, Freelance writer and Author.

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SARFAESI Act - The importance of claim for Loss and Damages

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