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Notice under Section 13(2) of the SARFAESI Act, 2002
31-May-2025 (In Recovery Law)
I, Nirdosh Gautam, along with my co-borrower, Renu Gautam, acknowledge the receipt of your notice dated May 26, 2025, issued under Section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, regarding the above-referenced loan agreements with an outstanding amount of ₹17,90,174/- as on May 14, 2025.
You need to para wise reply to the notice that is issued against you and insist the opposite party to waive off some amount and do some kind of settlement if you don't have funds to give it to the other party.
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Adv. Jitender Singh
Delhi | 1000+ Answers
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Kindly contact me I am Advocate in Debt RECOVERY TRIBUNAL DELHI you can take stay from Drt for this We have to file an Securitisation Application in Drt for securing property neither bank can take possession so I will further guide you regarding this I am doing Drt cases from many years you are free to contact me
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Adv. Rishabh Jain
Delhi | 25+ Answers
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You have to file reply to the 13(2) notice and grounds of objection will depend on the loan agreement and other facts.
Build a solid case against the creditors.
Also, it is vital to know whether it's a secured loan or unsecured and if secured then what is the amount of security available.
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Adv. Ishan Parashar
Delhi | 200+ Answers
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