The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) provides banks and financial institutions with various measures for enforcement of secured assets in cases of loan default.

SARFAESI proceedings may involve issues relating to demand notices, possession notices, auction proceedings, valuation disputes, secured asset enforcement, rights of borrowers, guarantors and third parties, and proceedings before the Debt Recovery Tribunal (DRT) and Debt Recovery Appellate Tribunal (DRAT).

Practice Areas

Our practice includes advising and representing clients in matters relating to:

• Demand Notices issued under Section 13(2) of the SARFAESI Act.
• Measures taken under Section 13(4).
• Possession proceedings.
• Challenges before the Debt Recovery Tribunal.
• Issues concerning secured asset auctions.
• Rights of co-owners, tenants and third parties.
• Disputes relating to valuation and sale procedures.
• Proceedings arising from enforcement actions by banks and financial institutions.

Each matter is examined based on its individual facts, documentation and applicable legal framework.