Applicability of the provisions of Section 118 of the Himachal Pradesh Tenancy and Land Reforms Act, 1972 on transfer of Land through open auction under SARFAESI Act.
What is SARFAESI Act The SARFAESI Act full form is – “Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act”. The SARFAESI Act allows banks and other financial institutions for auctioning commercial or residential properties to recover a loan when a borrower fails to repay the loan amount. Thus, the SARFAESI Act, 2002 enables […]
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