Section 26D of the SARFAESI Act,2002 throws down a gauntlet: "No secured creditor shall enforce their debt under this Act unless it's officially registered." In plain English, it means creditors holding collateral can't use powerful SARFAESI tools like property seizure unless they've properly "marked their territory" in a central registry.
In essence, Section 26D shines a light on the often-murky world of debt, ensuring responsible lending practices and informed decision-making for all
Greater Noida Authority is scheduled to launch an e-auction of group home plots in June.
Govind Kumar Sharma & Anr vs Bank of Baroda & Ors: A Case Study in Procedural Compliance below SARFAESI Act
The defaulter is unable to initiate criminal proceedings to halt SARFAESI proceedings on issues that can only be determined through DRT: Allahabad HC
After the civil court dismissed the recovery plea, the bank is unable to proceed against the borrower in accordance with SARFAESI: HC
Sebi to Sell Properties of Rose Valley Gathering on May
Bank Auction Properties – Need to Know About Recent Changes in the SARFAESI Act
Encumbrance Certificate Complete Details
DDA Offers 15-25% Discounts on Flats in Important Locations
PMC Initiates Auction for 32 Properties Over Tax Defaults
Pune Municipal Corporation Takes Action Against Tax Defaulters