SARFAESI Bank Recovery Lawyer in Kendujhar, Kendujhar (Keonjhar)

At what stage can a Kendujhar borrower propose an OTS — only before the notice, or later too?

A settlement proposal can be made at almost any stage, whether soon after the Section 13(2) notice, after possession under Section 13(4), or even after a Securitisation Application has been filed before the Debts Recovery Tribunal. Each stage affects what the lender may be willing to accept, so the timing and terms of the proposal matter.

Does the 60-day period in a Section 13(2) notice apply the same way to borrowers in Kendujhar (Keonjhar) district?

Yes, the 60-day statutory period under the SARFAESI Act, 2002 applies uniformly regardless of where the borrower or property is located, including accounts linked to Kendujhar (Keonjhar) district. Within that window, the borrower may repay the dues or submit objections to the secured creditor. If the objections are rejected or ignored, the next step is usually possession action under Section 13(4).

If my property is in Kendujhar, do I need to travel for every Tribunal hearing?

The Debts Recovery Tribunal with jurisdiction over matters from Kendujhar (Keonjhar) district, where Kendujhar is located, hears the case, and appearances are generally made through counsel. Advocate Debarchana Samal handles filings and representation before that Tribunal so that personal travel for every hearing is not ordinarily required, though the borrower's presence may be needed at specific stages depending on the facts. As Kendujhar is at some distance from our Cuttack office, in-person coordination for hearings connected to Kendujhar (Keonjhar) district — such as liaising with the bank branch or arranging local document collection — is handled case-by-case, and we are upfront about whether your physical presence is genuinely required at any given stage.

What recourse does a Kendujhar borrower have once possession has already been taken?

Possession taken under Section 13(4) can still be examined by the Debts Recovery Tribunal on a Securitisation Application filed under Section 17, which can look into whether the bank complied with the notice period, valuation norms, and other procedural safeguards. Depending on what the Tribunal finds, relief ranging from a stay to restoration of possession may, in principle, be granted.

What grounds can a Kendujhar borrower raise against an e-auction notice before the sale takes place?

Common grounds include an incorrectly fixed reserve price, insufficient publication of the auction notice, or a notice period shorter than what the Security Interest (Enforcement) Rules require. Raising these objections before the Debts Recovery Tribunal prior to the auction, where possible, is generally more effective than attempting to unwind a completed sale afterward.