Indian Loan Recovery

SARFAESI full form is “Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act”. It allows financial institutions to auction residential and commercial properties of defaulting borrowers to recover their loan outstanding balance

Debt Recovery Tribunals (DRTs) are specialized judicial bodies in India established under the Recovery of Debts and Bankruptcy (RDB) Act, 1993, to provide speedy adjudication and recovery of non-performing assets (NPAs) for banks and financial institutions. They handle cases where the debt amount is ₹20 Lakhs or more