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Provisions of SARFAESI Act do not apply to any security interest created in an agricultural land: Bombay HC

September 28, 2020[2020] 119 taxmann.com 427 (Bombay)
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FEMA/BANKING/INSURANCE : Provisions of SARFAESI Act do not apply to any security interest created in an agricultural land, however, question as to whether suit land is an agricultural land needs to be decided in suit, since one party affirms same and other denies it; and this question can be decided only on evidence; stage of order 7 rule 11 of Code of Civil Procedure is not a proper stage to receive such evidence and decide issue

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