Read detailed DRT legal questions and professional answers provided by experienced DRT lawyers to help users understand banking disputes, SARFAESI matters, debt recovery procedures, and legal remedies.
Question:
Can a borrower directly approach DRT against bank action under SARFAESI?
Answer:
Yes. Section 17 of the SARFAESI Act provides that any person aggrieved by any action taken under Section 13(4), including borrowers, may approach the DRT within 45 days from the date of the action.