Are you a borrower or guarantor who has received a Possession Notice under Section 13(4) of the SARFAESI Act from a bank or Asset Reconstruction Company?
Did you send a detailed representation (under Section 13(3A)) objecting to their initial Demand Notice, only to be ignored?
You have a powerful legal remedy.
The Supreme Court has repeatedly held that it is mandatory for the secured creditor to consider and reply to your Section 13(3A) representation before taking any coercive action. If they failed to provide a reasoned reply, the entire possession action is illegal and void.
Your property can be protected, but you must act immediately. The law gives you only 45 days from the date of the possession notice to file a Securitisation Application (SA) before the Debts Recovery Tribunal (DRT).
Our law firm specializes in SARFAESI matters. We can help you challenge this illegal procedure, seek an immediate stay, and protect your assets. Contact us today for an urgent consultation.
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