Borrower can Appeal to DRT even If Mortgaged property belongs to Guarantor

Section 17 (3) Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 unequivocally provides that if the measures referred to in sub-section (4) of Section 13, taken by the secured creditor are not in accordance with the provisions of the Act and the Rules made thereunder, and require restoration of possession of the secured assets to the borrower, it may by order, declare the recourse to any one or more measures referred to in sub-section (4) of Section 13 taken by the secured assets as invalid and restore the possession of the secured assets to t...