A third party collateral Security immovable has been pasted with a "formal" pocession Letter under the Securitisation Act. Is there any concept of formal pocession and could the Banks/ FI's use the Act simultaneously with DRT proceedings in progress. Is this not a sub judice or contempt of the DRT ??
Posted on Sep 29, 2003, 1:17 PM from IP address 202.149.213.10