Keywords: SARFAESI Act, loan possession, property auction, legal recovery India, secured loan recovery
What is SARFAESI?
SARFAESI (2002) gives banks legal power to recover secured loans without going to court.
It covers:
- Property possession
- Auction sale
- Recovery notices
- Collateral management
“We can easily manage if we will only take, each day, the burden appointed to it. But the load will be too heavy for us if we carry yesterday’s burden over again today, and then add the burden of the morrow before we are required to bear it factorial non.”
Rebert Kost
Key Sections of SARFAESI
- 13(2) Notice — Demand notice giving 60 days to repay
- 13(4) Notice — Possession notice
- Rule 8 & 9 — Auction rules & sale procedure
How Kickstart Supports SARFAESI Recovery
- Drafting legal notices
- Serving notices
- Carrying out possession
- Coordinating with district magistrate
- Property inspection
- Auction handling
- Buyer coordination
Kickstart ensures all procedures follow legal norms and RBI guidelines.
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