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 tenant/ third party challenge action under SARFAESI?
Answer:
Yes, if he or she can prove to be aggrieved by the action of the secured creditor. Section 17 refers to “any person” and Section 17(4A) specifically empowers DRT to adjudicate upon certain tenancy/ leasehold claims relating to the secured asset.