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Wise & Partners advises banks, NBFCs and borrowers on SARFAESI enforcement and debt recovery proceedings across Delhi NCR.
What we advise on
Enforcement of security interests, Section 13 demand and possession notices, Section 17 applications before the DRT, auctions, DRAT appeals, and recovery strategy for secured creditors.
As of 15 October 2026. Check the source for current status.
Frequently asked questions
It is a demand notice from a secured creditor requiring the borrower to discharge the liability, ordinarily within 60 days, failing which the creditor may take measures under Section 13(4).
A Section 17 application is ordinarily filed within 45 days of the measure taken. Time limits are strict, so seek advice promptly.
The Supreme Court held on 2 September 2026 that a bank can do so even where the original NBFC was not covered by the Act when the loan was made.
Discuss your matter with the firm.
Email na@wisepartners.inRelated: Insolvency and IBC · All practice areas
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