Can a notice of demand issued under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002, by a lawyer who represents a bank be repudiated, on the grounds that it contravenes the letter and spirit of the provisions of the act and the rules under it?
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The dispute digest is compiled by Bhasin & Co, Advocates, a corporate law firm based in New Delhi. The authors can be contacted at email@example.com or firstname.lastname@example.org. Readers should not act on the basis of this information without seeking professional legal advice.