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The SARFAESI Act empowers banks to seize assets without court approval. Learn its scope, borrower rights, safeguards, and remedies against misuse under Indian law.
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Learn whether banks can legally use WhatsApp for loan recovery, what constitutes illegal messages, and how you can protect your rights in India
Learn how Indian laws protect borrowers from defamation by recovery agents. Understand your rights, legal remedies, and how to file complaints.
Explore how RBI guidelines shape digital lending in India, the risks borrowers face, and legal protections to ensure responsible lending and safeguard consumer rights.
In 2002, the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act was passed, and it is a key aspect of Indian law. To enable financial institutions to manage non-performing assets (NPAs), the Act permits lenders to collect debts without the need for drawn-out legal proceedings. In addition to its measures to preserve borrower rights, the SARFAESI Act focuses on empowering lenders to effectively manage bad loans. This blog outlines the main sections of the SARFAESI Act and the rights it grants debtors.