Securitization Application DRT to Redeliver Possession Back
To get possession back after a securitization action (SARFAESI), borrowers file an application (Securitisation Application, or SA) under Section 17 of the SARFAESI Act before the Debt Recovery Tribunal (DRT), challenging the bank’s measures, with powers including restoration if the borrower loses possession unlawfully. However, the DRT can only restore possession to the actual borrower or someone holding … Read more
