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Possession to Bank matters arise when banks or financial institutions take legal possession of a mortgaged or secured property due to non-payment of loans or default in repayment. These cases involve enforcing the rights of the bank while ensuring compliance with statutory provisions under laws like SARFAESI Act, 2002 and protecting borrowers’ rights.
Voluntary Possession – Borrowers voluntarily handing over property to the bank to settle loan obligations.
Bank-Initiated Possession – Banks taking possession of property due to defaults under SARFAESI provisions.
Disputed Possession – Cases where borrowers contest the bank’s right to take possession.
Interim Possession Orders – Temporary orders to maintain the status quo or prevent unlawful possession until legal resolution.
At Milind Modi Law Associates, we provide comprehensive legal support in possession to bank matters. Our experienced team assists clients in:
Representing borrowers or banks in possession proceedings under SARFAESI
Filing challenges or defending bank possession actions in DRT or civil courts
Securing interim relief or stay orders to prevent illegal seizure
Advising clients on strategies to protect property and financial interests
Ensuring compliance with statutory provisions and effective resolution of disputes
The information contained on the website of Milind Modi Law Associates is provided for general informational purposes only and should not be interpreted as legal advice or a substitute for professional consultation. By accessing this website, you acknowledge that the content herein is meant solely to provide a general understanding of the law and the services offered by the firm. Nothing on this website is intended to create, and receipt of it does not constitute, an attorney-client relationship between you and Milind Modi Law Associates. Such a relationship can only be established through a formal written agreement after a detailed consultation.
While every effort is made to ensure that the information presented is accurate and up to date, Milind Modi Law Associates makes no representations or warranties of any kind, express or implied, regarding the completeness, accuracy, reliability, or suitability of the content for any particular purpose. Laws and legal interpretations are subject to constant change, and the application of legal principles can vary significantly depending on the facts of each individual case. Therefore, readers are strongly advised not to act or rely on any information contained on this website without first seeking appropriate legal counsel.