Under Sarfaesi Act
- Recall Notice from the Bank
- Notice Under Section 13(2) of Sarfaesi Act a.k.a. Demand Notice
- Submission of Representation and objection under section 13(a) of Sarfaesi Act
- Receipt of reply from the Secured Creditor / Authorized Officer
- Issue of Possession Notice under 13(4)
- Taking Physical Possession by approaching DM/MM
- Auction of the Secured Asset
- Filing the Securitization application under Sarfaesi Act by the Borrower.
- Further appeal in DRT and Higher Court.
Under RDDB (Recovery of Debts and Bankruptcy) Act
- Filing of Original Application (OA) under Section 19
- Written statement to be filed by the Borrower.
- Adjudication by DRT
- Recover Certificate issued to Recovery Officer
- Filing of Recovery Application
- Appeal to Appellate Tribunal
