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Published on: March 19, 2026
Many borrowers panic when they receive a notice under SARFAESI Act 2002.
A notice under Section 13(2) is the first legal step toward seizure of secured property by banks.
Ignoring it can eventually lead to:
• property possession
• public auction
• eviction
Under SARFAESI Act 2002, banks can recover secured loans without filing a civil suit.
The 13(2) notice demands repayment within 60 days.
If the borrower fails, the bank may proceed to:
• possession of property
• sale of assets
• auction of property
Borrowers have several legal protections:
• Right to reply to the notice
• Right to challenge illegal action
• Right to approach DRT
The Supreme Court held that borrowers must be given an opportunity to raise objections before banks proceed further.
Experienced lawyers often challenge:
• defective notices
• incorrect loan calculations
• violation of procedure
At KHA Advocates, we assist borrowers with:
• Drafting legal replies to SARFAESI notices
• DRT litigation
• Settlement negotiations with banks
KhA Advocates is a premier law firm in Kolkata, West Bengal known Internationally, providing expert legal services in property registration, corporate law, matrimonial law, taxation, dispute resolution, and more. We offer tailored legal solutions for NRIs, businesses, and residents, ensuring 100% compliance and protection. With our efficient, transparent, and reliable approach, we safeguard your legal interests.
