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What is SARFAESI Act Application Overview about?

Royal Traders has filed a securitization application against Indiabulls Housing Finance Ltd. regarding a loan of Rs. 27,41,84,439 secured by mortgaged properties. The applicant claims that despite making substantial payments, the defendant issued notices declaring the loan as non-performing and initiated possession proceedings without proper compliance with legal requirements. The application seeks to challenge these notices and requests a review of the outstanding loan amount and terms.

Author

estateskrishna5

Language

EN