The SARFAESI Act, 2002 does not prescribe any time limit for the Bank to initiate recovery action against defaulting borrowers…
It is often seen that property owners let out their residential or commercial property on rent and the tenant resides…
An analytical overview of Section 13(5A) of the SARFAESI Act, 2002, examining its constitutional validity and judicial interpretation in Roger…
Under the SARFAESI Act, once a secured creditor follows the process and takes physical possession of a secured asset with…
In SARFAESI matters, borrowers often assume that once an auction is conducted, the outcome is final. A recent order of…
Raising Challenge to Recovery Drawn under SARFAESI Act, 2002 by filing Securitization Application (S.A.) on behalf of borrowers in Debts…
I. Introduction The concept of equity of redemption lies at the heart of mortgage law. It represents the borrower’s right…
The SARFAESI Act, 2002 was enacted with a clear objective to enable banks and financial institutions to enforce security interests…
Can a bank proceed against a guarantor before the principal borrower under the SARFAESI Act? INTRODUCTION In banking recovery litigation,…
The issue of providing notice and opportunity of hearing before classifying a loan Account as a Non Performing Asset is…
Borrowers have a right of raising objection to the demand notice which is sent by the bank under Section 13(3A)…
The law makes it necessary for the bank to provide the details of amount payable by the borrower as well…
It is not unusual for borrowers to break payment of few EMIs due to temporary financial crunch, but loan accounts…