Black Ace Chambers

Time Limitation for challenging proceedings by the Bank under Section 13(4) of the Sarfaesi Act

What is the time limitation for challenging proceedings by bank under Section 13(4)of the SARFAESI Act by the bank.
Ans. Once any of the measures initiated by the bank under Section 13(4)of the SARFAESI Act, a borrower can file an under Section 17 of the Act within 30 days from the date of the initiation of proceedings by the bank.

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