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Is The Period Of 15 Days Stipulated Under Section 13 (3A) Of SARFAESI Act To Respond To A Representation By A Borrower Mandatory?
The intention of parliament in providing a time period of 15 days in section 13 (3A) was to ensure that the secured creditors respond within reasonable time and hence the said time period is directory in nature.
India
29 Nov 2018
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