SARFAESI Act 2002 for NBFCs Explained | Kaun-Kaun Si NBFC Action Le Sakti Hai?

Описание: Can all NBFCs take action under the SARFAESI Act, 2002?

Agar aapka loan NBFC se liya gaya hai aur aap default ho gaye ho, toh kya NBFC SARFAESI Act laga sakti hai?

If you have taken a loan from an NBFC and are facing default or recovery action, this video explains the exact legal position under Indian law.
In this detailed video, we explain:

✔️ SARFAESI Act 2002 kya hai
✔️ Kya har NBFC SARFAESI action le sakti hai?
✔️ Kaun si NBFCs eligible hoti hain SARFAESI ke liye
✔️ Minimum loan amount & secured asset condition
✔️ Borrower ke legal rights & remedies
✔️ Practical examples of NBFC loan recovery
✔️ What the SARFAESI Act, 2002 actually provides
✔️ Whether every NBFC has the power to invoke SARFAESI
✔️ Which NBFCs are legally eligible to take SARFAESI action
✔️ RBI notifications and conditions applicable to NBFCs
✔️ Minimum loan amount and secured asset requirements
✔️ Whether NBFCs can recover loans without court intervention
✔️ Borrower rights, legal remedies, and common mistakes to avoid

⚠️ Important Legal Reality:
Not all NBFCs are authorised to use the SARFAESI Act. Only Central Government notified NBFCs, subject to specific statutory conditions, can initiate SARFAESI proceedings. Any action taken without eligibility can be legally challenged.


💡 This video is a must-watch for NBFC loan borrowers, borrowers, guarantors, entrepreneurs, legal professionals, advocates, CA/CS/CMA and law Students.

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OTHER RELEVANT VIDEOS ON THE SARFAESI ACT, 2002

Link to watch a video on Introduction of the SARFAESI Act, 2002 which describes the objective, meaning, structure and purpose of the SARFAESI Act, 2002.

   • Introduction of SARFAESI Act, 2002 | Loan ...  

Link to watch Part 1 video wherein section 13(1), (2), (3) and 3(A) are explained which deal with the default by the borrower and notice issued to enforce security interest if the liability is not discharges within 60 days.

   • Section 13 of SARFAESI Act, 2002 Made Easy...  

Link to watch Part 2 video wherein section 13(4) and 13(5) are explained which are related with measures to be taken by the bank in case the default of loan continues:

   • SARFAESI Act 13(4) EXPLAINED! | What Happe...  

Link to watch Part 3 video wherein section S. 13 (5A), (5B) & 5 (C) are explained which are related with sale of immovable properties by the banks possession whereof taken under section 13(4) for enforcement of the security interest. Also, section 9 of the Banking Regulation Act, 1949 is explained in this video.

   • Section 13 of the SARFAESI Act, 2002 Made ...  

Case Summary of Landmark judgement on the SARFAESI ACT, 2002 i.e. Mardia Chemicals Ltd. V. Union of India

   • Mardia Chemicals Ltd. v. Union of India (2...  

What is NPA?

   • What Are Non-Performing Assets? #npa #bank...  

Section 13(4) and Section 17 of the SARFAESI ACT, 2002 - Comparison and relationship.

   • Section 13(4) vs. Section 17 of the SARFAE...  

Link to watch a video on How file application with DRT under section 17(1) of the SARFAESI Act, 2002 wherein the provisions for filing application with DRT, format of application and other related details are discussed.

   • DRT Application Under Section 17 of the SA...  

Link to watch video on How DRT Protects Borrowers? wherein Powers of DRT under Section 17 of the SARFAESI Act, 2002 are explained and how it can help the borrowers in case of loan defaults.

   • How DRT Protects Borrowers | POWERS OF DRT...  

Link to watch video on How Banks Seize Property Under the SARFAESI Act | Security Enforcement Process under the SARFAESI Act, 2002.

   • How Banks Seize Property Under the SARFAES...  

Link to watch video on Rights of Borrowers under SARFAESI Act 2002 | Complete Legal Guide

   • SARFAESI Act Borrower Rights Explained | L...  
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Link to download notifications issued by Central Government w.r.t NBFCs.

https://drive.google.com/drive/folder...

📢 Have more questions? Drop them in the comments! 👇

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TIME STAMPS:

00:57 Introduction - can all NBFCs take action under the SARFAESI ACT, 2002?
01:19 Meaning and importance of NBFCs
02:31 Important provisions/section related to NBFCs in the SARFAESI ACT, 2002
06:31 Notifications issued by the Central Government w.r.t NBFCs, eligible to take action under the SARFAESI ACT, 2002
12:58 Current position as to NBFCs which can take action under the SARFAESI Act, 2002

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