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Head Note

Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002  - Recovery of Loan

Recovery of Loan - Appeal filed by appellant DRT and of the Respondent-Bank before the Gujarat State Cooperative Tribunal pending - Aforesaid Tribunals directed to decide the appeals pending before them within three months - During the pendency of afore-stated appeals before the Appellate Authorities, no coercive steps shall be taken for recovery of the amount under the provisions of the SARFAESI Act - Question of law with regard to applicability of the SARFAESI Act, 2002 and the Multi-State Cooperative Societies Act, 2002, kept open.

Topic(s)-SARFAESI - Recovery of Loan