DRAT Upholds SARFAESI Possession Notice Against Loan Guarantor

E. Kumar Vs Authorised Officer (DRAT Chennai) In the case of E. Kumar vs. Authorised Officer (DRAT Chennai), the appellant, a loan guarantor, filed an appeal under Section 18 of the SARFAESI Act challenging the order passed in SA 295/2014 by the DRT-III, Chennai on 20.09.2018. The original SA sought to quash a possession notice dated 27.06.2014 issued under the SARFAESI Act, 2002 in connection with the recovery of a loan from Kotak Mahindra Bank. The DRT dismissed the SA, prompting the present appeal. The appellant raised several grounds for the appeal. He argued that the Tribunal failed to co...