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SARFAESI Act

The SARFAESI Act, grants the powers of ‘seizure’ to banks. Under these provisions, the banks may issue notices in writing to the defaulting borrower insisting the discharge of its liabilities within 60 days. If the borrower fails to respond to such notice, the concerned bank may:

  • Take possession of the security in lieu of the loan.
  • Sell, lease or assign the right over the security.

Why Us??

  • We closely scrutinize the notice issued to the client under 13(2) & 13(4) of the SARFAESI ACT, 2002;
  • We advise & assist the client in replying to the notices exhaustively, considering the latest RBI guidelines, Bank circulars, judgments & case studies;
  • Taking proper action against any unjustified action of the lender;
  • Legal Guidance on safeguarding of the mortgage property of the borrower.

For more assistance on SARFAESI ACT do speak with our financial advisor or send us request.

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