The Madras High Court has dismissed a plea challenging recovery proceedings initiated by a bank under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act against a borrower but gave liberty to the latter to avail remedy provided under the Act before concerned debt recovery tribunal within two weeks.<\/p>\n
(Source:PTI)<\/p>\n","protected":false},"excerpt":{"rendered":"
The Madras High Court has dismissed a plea challenging recovery proceedings initiated by a bank under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act against a borrower but gave liberty to the latter to avail remedy provided under the Act before concerned debt recovery tribunal within two weeks. (Source:PTI)<\/p>\n","protected":false},"author":1,"featured_media":14833,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[20124,1],"tags":[29528,29529],"class_list":["post-34872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-court-judiciary-legal-system","category-top-law-news","tag-plea-challenging-recovery-proceedings","tag-securitisation-and-reconstruction-of-financial-assets"],"yoast_head":"\n