Strategic defense against enforcement of security interest. We protect your rights against arbitrary asset seizure.
The SARFAESI Act, 2002, empowers banks to take possession of collateral without court intervention. However, the law provides a 45-day window for the borrower to challenge the bank's action. At MTQ Sayyed Legal, we identify procedural lapses in 13(2) and 13(4) notices to safeguard your properties.
Challenging Section 13(2) notices that fail to provide detailed breakups of principal and interest.
Filing Securitization Applications to prevent physical possession by Court Commissioners.
Obtaining judicial stays on auctions where the property valuation is improperly assessed.
Ensuring the borrower's right to redeem the property before the auction is finalized.