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What is the time limit for banking institutions to repossess the motor vehicles after serving the Fourth Schedule notice?

April 26, 2017Banking Institutions limit motor Notice repossess time vehicles

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What is the time limit for banking institutions to repossess the motor vehicles after serving the Fourth Schedule notice?

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Banking institutions can repossess the motor vehicles anytime after 21 days from the date the Fourth Schedule notices were served if the overdue instalments are not paid.