Case Law Analysis
|Bombay High Court
SARFAESI Act Section 13 | Bombay HC Bars Physical Possession of Secured Assets During Pending DRT Interim Relief Application
Bombay High Court rules that banks cannot take physical possession of secured assets while an interim relief application is pending before the Debt Recovery Tribunal. The decision reinforces procedural fairness under the SARFAESI Act, ensuring borrowers have adequate opportunity to challenge possession notices before enforcement.