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Repossession of New cars from registered defaulters by Banks
you're. ... welcome.
Motor vehicle act is also not that clear on such repossessed cars.
seems you are stuck completely with this.
Yeah.. unable to get one stop solution for this
as mentioned above you can take two interpretations. one in rule 35 and other under 8/2018
But both will have future risk
Instead of taking 8/2018 it would better go with rule 35
If any industry expert makes any comment on this that would be much helpful as there seems tough to interpret like this.
yes do check with any one who is into such a business and facing the situation. But usually when banks repossess they transfer the RC from old customer to new customer. But here the case is pertaining to dealers
That's the struggle. Dealers don't take registration of the car and before that it has to be considered as new and not as Old.
So this will close doors to notification 8/2018
So only way out is to break rule 35 nOw
either rule 35 or you have to try AAr
AAR's are negative now a days
So only way out rule 35 and yes you can representing it
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