Bank lobby made the Government of India to enact the draconian law
called Recovery of Debts Due to Bank sand Financial Institutions and
also Securitisation and Reconstruction of Financial Assets and
Enforcemetn of security Interest Act. hese two acts totally one sided
and the borrowers have no defence as used to have in regular laws such
as Civil Procedure Code etc., The bank considers as above law and
since the Government is backing them with such totally one sided laws,
the borrowers are left with no alternative but to accept whatever
injustice is forced upon them. The court's hands are tied due to thes
laws.
We have, over a period of few years have come up with proper defence
wherein the banks are finding difficult to face these defences.
In case you are interested to know more, ou may write to me at my
email which is <vindag...@yahoo.com> . I will be glad to extend my
co-operation to you in this respect.