SARFAESI & RDB

The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI) and the Recovery of Debts and Bankruptcy Act, 1993 (RDB) together form the backbone of secured lending enforcement in India. Asterisms Legal has a deep and established practice in both statutes, acting for banks, non-banking financial companies (NBFCs), and asset reconstruction companies (ARCs) in enforcement, recovery, and reconstruction proceedings.

Our team advises lenders on the procedural steps for taking symbolic and physical possession under Section 13 of SARFAESI, the conduct of auctions, and the management of disputes arising from enforcement. We regularly appear before the Debt Recovery Tribunal (DRT) and the Debt Recovery Appellate Tribunal (DRAT) across Delhi and other jurisdictions, and are well-versed in the full range of defences and counterclaims that borrowers raise in these proceedings.

Key Services
  • SARFAESI Enforcement Actions and Possession Proceedings
  • Section 14 Applications before the Chief Metropolitan Magistrate
  • Auction Management and Post-Auction Disputes
  • DRT Original Applications and Recovery Certificates
  • DRAT Appeals and Stay Applications
  • ARC Portfolio Advisory and Acquisition Due Diligence
  • Writ Petitions challenging SARFAESI actions before High Courts
  • Section 17 Borrower Applications and Objection Proceedings
Our Practice