What Is The Legal Procedure During Recovery Of Property?

What is the legal procedure during recovery of property?

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Posted by: Narender Singh

Posted on: 2018-09-04

Due process as per law which may include Liaising with the Court Receiver, Police authorities, etc shall be required to be followed while taking repossession of the property. The bank will take requisite measures to ensure safety and security of the property after taking custody at the expense in the head of the borrower. Accordingly, Insurance cover for the property to be arranged and the Security Guards shall be debuted at the Property Site.

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What Is The Legal Procedure During Recovery Of Property?