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A SARFAESI notice (typically under Section 13(2) of the SARFAESI Act) is issued by a bank or financial institution to a borrower whose account has been classified as a non-performing asset, giving 60 days to repay the outstanding dues before the lender can proceed to enforce its security interest. Recipients should have the notice and underlying documentation reviewed promptly, as there are limited timelines within which objections or representations can be made.

If dues remain unpaid after the notice period, the lender may proceed under Section 13(4) to take possession of the secured asset, take over management, or sell/lease the asset to recover dues, generally without court intervention. Borrowers can raise objections with the lender, and if aggrieved by enforcement measures, can approach the Debt Recovery Tribunal (DRT) under Section 17.

SARFAESI is a self-enforcement mechanism allowing banks and financial institutions to recover secured debts without first approaching a court. The Debt Recovery Tribunal (DRT), by contrast, is a specialised tribunal that adjudicates recovery suits filed by banks under the RDB Act, and also hears appeals and challenges against SARFAESI enforcement action under Section 17.

Section 7 of the Insolvency and Bankruptcy Code allows a financial creditor to initiate the Corporate Insolvency Resolution Process against a corporate debtor in default. Once admitted by the NCLT, a moratorium applies, a resolution professional takes over management, and creditors participate through the Committee of Creditors to decide the debtor's resolution or liquidation.

A Non-Performing Asset (NPA) is a loan or advance where interest or principal repayment has remained overdue for a period specified by RBI norms, generally 90 days. Classification triggers specific regulatory and provisioning consequences for the lender, and often precedes recovery action such as SARFAESI or IBC proceedings.

The Real Estate (Regulation and Development) Act, 2016 (RERA) regulates real estate projects and protects allottees through mandatory project registration, disclosure requirements, and remedies for delayed possession, including refund with interest or compensation. Complaints are filed before the state Real Estate Regulatory Authority, with appeals lying before the Appellate Tribunal.

Disputes involving Maharashtra co-operative housing societies, including redevelopment, membership and governance issues, are generally addressed through the Maharashtra Co-operative Societies Act, society bye-laws, and where applicable, the Co-operative Court or Deputy Registrar, alongside the contractual and regulatory framework governing the specific redevelopment agreement.

Both. Ajuris Legal advises institutional clients — banks, NBFCs and financial institutions — as well as individual clients, including businesses, developers, property owners, allottees and individuals facing banking disputes, recovery proceedings or real estate matters.

A legal retainership is an ongoing engagement, typically used by banks and financial institutions, under which Ajuris Legal provides continuous legal support across recovery, litigation, documentation and regulatory matters rather than being engaged on a matter-by-matter basis. Scope and terms are agreed individually based on institutional requirements.