July 17, 2026
BANKING AND FINANCIAL LAW, SARFAESI Act, Security Interest Act
What Happens When a Bank Auctions a Property Under SARFAESI? A Step-by-Step Process
Introduction If you’ve ever wondered how a bank can seize and sell someone’s house or shop to recover a loan without first dragging them to court for years, the answer lies in one law: the SARFAESI Act, 2002 (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act). According to RBI data, gross […]