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Immovable property may be accepted by the banks.

Q: How will the bank accept the immovable property as the banks do not have the ability to accept this kind of property?

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Replies (1)
1
A new Bill has been introduced in Lok Sabha which will soon provide for the banks to accept the immovable properties. The bills will be made in accordance with the Enforcement of Security Interest and Recovery of Debt Laws.
David Oomen Mathews


2

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