What is the SARFAESI Act and who does it apply to?
A plain-language overview of the SARFAESI Act, 2002, the enforcement powers it gives lenders and the loans it does not cover.
Bengaluru · Karnataka High Court · DRT · DRAT
Focused counsel for SARFAESI disputes and secured-asset auctions.
We act for borrowers, guarantors, auction purchasers, financial creditors and asset reconstruction companies in proceedings under the SARFAESI Act, 2002 and the Recovery of Debts Act, 1993.
Litigation
Section 17 applications before the Debts Recovery Tribunal, Section 18 appeals before the DRAT, writ petitions before the High Court and challenges to Section 14 orders.
Liaisoning
Structured engagement with banks, authorised officers, asset reconstruction companies, DRT registries and court commissioners so that matters move without avoidable delay.
Advisory
Pre-notice planning, response to Section 13(2) demand notices, one-time settlements, redemption and diligence for auction purchasers.
Why a specialist practice?
SARFAESI matters are governed by short limitation periods, mandatory pre-deposits, strict procedural rules for notices and sale, and a fast-moving body of case law. A missed date or a defective challenge can be fatal to the case.
- Section 13(2) notice replies and 13(3A) objections
- Section 17 applications and interim protection
- Section 14 possession orders and resistance
- Auction notices, reserve price and e-auction irregularities
- Pre-deposit and Section 18 appeals
- Purchaser due diligence and title protection
From the blog
Received a SARFAESI notice or an auction notice?
Deadlines under the Act are short. Speak to us early so that your options stay open.
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