What is the period to be given normally for intention to take possession?
Generally seven days time should be given and time and date of intended possession should be stated in the notice. If any particular case warrants more time to be given, permission to give such additional time may be given by the concernd General Manager of the Bank. 41. Whether notice(intention to take possession sho uld be given for both movable and immovable properties. If so, in cases where separate notices are required to be issued. The said notice is envisaged for both movable and immovable properties.If immovable property and the movables thereon both are secured to us and the same will be taken possession of simultaneously, only one notice covering both movables and immovables need to be served. In other cases, two notices are required to be issued(e.g. where movables are decided to be taken possession of subsequently). 42. Before the actual sale of the immovable properties whether Bank/branch should obtain encumbrance certificate from registrar of assurances from the date of c
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- What is the period to be given normally for intention to take possession?
