{"id":491,"date":"2025-09-12T12:23:46","date_gmt":"2025-09-12T12:23:46","guid":{"rendered":"https:\/\/www.narangandco.in\/milindmodilawassociates\/?page_id=491"},"modified":"2025-09-15T12:45:41","modified_gmt":"2025-09-15T12:45:41","slug":"possession-to-banks","status":"publish","type":"page","link":"https:\/\/www.narangandco.in\/milindmodilawassociates\/possession-to-banks\/","title":{"rendered":"Possession to Banks"},"content":{"rendered":"\t\t
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Possession to Banks<\/h2><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
Possession to Banks<\/h4>\t\t\t\t<\/div>\n\t\t\t\t
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Possession to Bank<\/strong> 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<\/strong> and protecting borrowers\u2019 rights.<\/p>\n
Types of Possession Cases<\/h6>\n
Voluntary Possession<\/strong> \u2013 Borrowers voluntarily handing over property to the bank to settle loan obligations.<\/p>\n
Bank-Initiated Possession<\/strong> \u2013 Banks taking possession of property due to defaults under SARFAESI provisions.<\/p>\n
Disputed Possession<\/strong> \u2013 Cases where borrowers contest the bank\u2019s right to take possession.<\/p>\n
Interim Possession Orders<\/strong> \u2013 Temporary orders to maintain the status quo or prevent unlawful possession until legal resolution.<\/p>\n
Our Expertise<\/h6>\n
At Milind Modi Law Associates<\/strong>, we provide comprehensive legal support in possession to bank matters. Our experienced team assists clients in:<\/p>\n
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Representing borrowers or banks in possession proceedings under SARFAESI<\/strong><\/p>\n<\/li>\n
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Filing challenges or defending bank possession actions<\/strong> in DRT or civil courts<\/p>\n<\/li>\n
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Securing interim relief or stay orders<\/strong> to prevent illegal seizure<\/p>\n<\/li>\n
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Advising clients on strategies to protect property and financial interests<\/strong><\/p>\n<\/li>\n
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Ensuring compliance with statutory provisions<\/strong> and effective resolution of disputes<\/p>\n<\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t