Guidelines for Borrowers, NPAs under the SARFAESI Act, 2002 | Corporate Debt Recovery Attorney in Delhi NCR
my Lawyer Advise Share this Post to earn Money ( Upto ₹100 per 1000 Views )
The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest (SARFAESI) Act of 2002 is quite a convenient tool for banks and other financial institutions which includes Non-Banking Financial Company (NBFC) to recover the debts from their borrowers as financial creditors. But the borrowers are also entitled to certain rights under this SARFAESI Act of 2002 to claim damages if there is default on the part of these financial institutions.
