Section 13(2) SARFAESI Notice: Rights & Remedies of Borrowers
A notice under Section 13(2) of the SARFAESI Act, 2002 is the first formal legal step taken by banks to enforce
Common Mistakes Borrowers Make After Receiving a SARFAESI Notice
Receiving a SARFAESI notice under Section 13(2) often causes panic among borrowers. Unfortunately, it is not the notice itself, but the
Step-by-Step SARFAESI Procedure: From NPA to Possession
The SARFAESI Act, 2002 provides banks and financial institutions with a swift mechanism to recover secured debts without approaching civil courts.
Secured vs Unsecured Loans: Why SARFAESI Applies Only to Secured Creditors
The SARFAESI Act, 2002 is one of the most powerful recovery mechanisms available to banks and financial institutions in India. However,
Who Can Use the SARFAESI Act? – Banks, NBFCs & Financial Institutions Explained
The SARFAESI Act, 2002 grants powerful recovery rights to lenders, allowing them to enforce security interests without approaching civil courts. However,
When Can a Bank Invoke SARFAESI Proceedings?
Banks and financial institutions frequently initiate recovery proceedings under the SARFAESI Act, 2002 when borrowers default in repayment. However, SARFAESI action
Difference Between SARFAESI Act and DRT Act – Explained Simply
Borrowers facing loan recovery proceedings often hear two legal terms together: SARFAESI Act and DRT Act. While both deal with recovery
What Is a Non-Performing Asset (NPA)? Legal Meaning Under SARFAESI
The term Non-Performing Asset (NPA) is the foundation on which recovery proceedings under the SARFAESI Act, 2002 are built. Many borrowers
SARFAESI Act, 2002 Explained: A Simple Guide for Borrowers
When borrowers default on loan repayments, banks and financial institutions often initiate recovery proceedings under the SARFAESI Act, 2002. For many