Valuation and Sale of Asset. Valuation and sale of asset repossessed by RCFL shall be carried out as per laid down process and in a fair and transparent manner. Valuation of asset shall be done by authorized valuer/s appointed by RCFL. Giving notice before taking possession of the assets shall not be construed as notice for sale. 7 days prior presale notice shall be sent to be borrower as a final chance for repayment of entire loan. Thereafter, RCFL shall arrange for the sale of the asset/s in such manner as deemed fit by RCFL. The sale of the asset shall be done by RCFL at its own discretion, either through online auction or through private auction or through public auction without any further notice or intimation to the Borrower.
Valuation and Sale of Asset. Valuation and Sale of Asset: Valuation and sale of asset repossessed by RCL shall be carried out as per laid down process and in a fair and transparent manner. Valuation of asset shall be done by authorized valuer/s appointed by RCL. Giving notice before taking possession of the assets shall not be construed as notice for sale. 7 days prior presale notice shall be sent to be borrower as a final chance for repayment of entire loan. Thereafter, RCL shall arrange for the sale of the asset/s in such manner as deemed fit by RCL. The sale of the asset shall be done by RCL at its own discretion, either through online auction or through private auction or through public auction without any further notice or intimation to the Borrower.
Valuation and Sale of Asset. Valuation and sale/transfer of Asset repossessed by RCFL shall be carried out as per laid down process and in a fair and transparent manner. Valuation of Asset shall be done by authorized valuer/s appointed by RCFL. Giving notice before taking possession of the Asset(s) shall not be construed as notice for sale. A 7 (seven) days prior presale notice shall be sent to be Borrower as a final chance for repayment of entire loan. Thereafter, RCFL shall be entitled to arrange for the sale/transfer/lease of the Asset/s in such manner as deemed fit by RCFL. RCFL shall be entitled at its own discretion to conduct the sale/transfer [including without intervention of court/tribunal], either through online/other auction or through private auction or through public auction or by/through any other mode/method without any further notice or intimation to the Borrower. However, no pre-sale notice may be given in case of any of the Specified Events.
