Borrower need not wait until actual possession of assets; plea can be filed at stage of notice for Possession

SARFAESI Act : Borrower/debtor can approach Debts Recovery Tribunal under section 17 of Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 Act at stage of possession notice referred to in rule 8(1) and 8(2) of Security Interest (Enforcement) Rules, 2002

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