Blog Posts

How to Reply to Bank Notice under Sarfaesi Act?

April 5, 2026

Replying to a SARFAESI Act notice (Section 13(2)) requires filing a formal, written objection within 60 days of receiving it. You must highlight factual errors, incorrect amount calculations, or violations of RBI guidelines regarding NPA classification. Send the reply via registered post with acknowledgment due to ensure proof of service, as this is crucial for…
Banks Procedure of Taking Possession in Sarfaesi Act

April 4, 2026

Under the SARFAESI Act, 2002, banks take possession of secured assets from defaulting borrowers by issuing a 60-day demand notice under Section 13(2). If the debt is not repaid, the bank issues a possession notice (symbolic possession) under Section 13(4), followed by physical possession via a Magistrate under Section 14. [1, 2, 3] Step-by-Step Possession…
Defend case against Bank in Debt Recovery Tribunal?

April 3, 2026

Defending a case in the Debt Recovery Tribunal (DRT) involves filing a detailed Written Statement within 30 days of receiving the summons, challenging the loan calculations, and identifying procedural lapses by the bank (e.g., faulty SARFAESI notices). Key defenses include limitation bar, incorrect interest rates, or filing a counter-claim. [1, 2, 3, 4, 5] Key…
HighCourt or DRT against Bank under Sarfaesi Act?

April 2, 2026

Aggrieved borrowers should file a challenge against a SARFAESI Act auction before the Debt Recovery Tribunal (DRT) under Section 17, not the High Court initially. The DRT has exclusive jurisdiction to address procedural irregularities, illegalities, or fraud in the sale. High Court intervention is generally restricted to exceptional circumstances, such as violation of fundamental rights…
Punjab State Information Commission RTI Appeal

April 1, 2026

The Punjab State Information Commission (https://infocommpunjab.com/) (PSIC) is an autonomous statutory body established on March 2, 2006, under the Right to Information (RTI) Act, 2005, to ensure transparency and accountability in public authorities. It handles second appeals and complaints regarding the non-disclosure of information. The Commission is located at Red Cross Building, Sector 16, Chandigarh.…