SARFAESI Act Matters

SARFAESI Act Matters

The SARFAESI Act (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002) empowers banks and financial institutions to recover secured debts without court intervention. For borrowers, this process can often feel harsh and overwhelming. Our chambers provide comprehensive legal support to protect the rights and interests of individuals and businesses facing SARFAESI proceedings.We conduct a thorough review of loan agreements, security documents, account statements, possession notices, and recovery actions initiated by banks to identify procedural lapses and statutory violations. Our team prepares well-structured objections, representations under Section 13(3A), writ petitions, securitisation applications before the DRT, and appeals before DRAT to challenge unlawful recovery measures.We focus on highlighting issues such as improper service of notices, incorrect classification of NPA, lack of compliance with RBI guidelines, undervaluation of assets, and non-adherence to mandatory timelines. Through strategic advocacy and well-drafted pleadings, we work to protect clients from illegal possession, coercive recovery, and wrongful auction of secured assets.

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