Category: Legal
Provision giving borrowers the right to challenge SARFAESI actions before the DRT within 45 days.
Section 17 is the borrower’s appellate remedy. Most challenges fail when the bank has followed procedure, but a successful Section 17 application can void or delay the sale. Auction buyers should check court records for pending Section 17 applications before bidding.
Need broader context? Read our pillar guides for in-depth coverage of SARFAESI, DRT, NCLT, EMD, title due diligence, and financing.
