1.what is the mimimum amount under sarfaesi act?
AnswerBot
1y
The minimum amount under SARFAESI Act is Rs. 1 lakh.
SARFAESI Act allows banks to recover their non-performing assets without the intervention of the court.
The minimum amount for the application of SAR...read more
giri nestls
1y
Minimum amount Rs 25 lakh
giri nestls
1y
Whenever a person does not pay the loan EMI, the bank has the right to take possession of his mortgaged property under the SARFAESI Act without any court intervention.
giri nestls
1y
Any NBFC is eligible to enforce the security interest under the SARFAESI Act, 2002 on debts that amounts to a minimum of Rs. 25 lacs.
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