Section 19 SARFAESI ACT, 2002 (The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002): Right of borrower to receive compensation and costs in certain cases.
Right of borrower to receive compensation and costs in certain cases.—If the Debts Recovery Tribunal or the Court of District Judge, on an application made under section 17 or section 17A or the Appellate Tribunal or the High Court on an appeal preferred under section 18 or section 18A, holds that the possession of secured assets by the secured creditor is not in accordance with the provisions of this Act and rules made thereunder and directs the secured creditors to return such secured assets to the concerned borrowers, such borrower shall be entitled to the payment of such compensation and costs as may be determined by such Tribunal or Court of District Judge or Appellate Tribunal or the High Court referred to in section 18B.]
About us:
Verma Law Associates is an offspring of Advocate Anoop Verma and other experienced Advocates/Lawyers.
At our law firm, we are dedicated to providing top-tier legal services for a wide range of legal matters. Our advocates specialize in
Criminal Law,
Banking Law/DRT,
Civil Law,
Family Disputes,
Consumer Laws,
Service Law/Service Matters,
Company Law/NCLT,
Motor Accident Claims,
Property Law;
Our team of experienced and skilled advocates possesses a deep understanding of the complex legal landscape and is committed to providing our clients with the highest level of personalized attention and support.
We take great pride in our ability to deliver exceptional results for our clients. Our mission is to help our clients navigate the legal system with confidence and ease, regardless of the complexity of their case. We understand that legal disputes can be stressful and overwhelming, and we work tirelessly to ensure that our clients are fully informed and comfortable throughout the legal process.
Our commitment to excellence extends beyond our legal services. At our law firm, we believe in building lasting relationships with our clients based on trust, transparency, and accountability. We strive to create a collaborative and supportive environment that fosters innovation, creativity, and a commitment to excellence in everything we do.
When you choose our law firm, you can rest assured that you are in good hands. We are dedicated to providing our clients with the highest level of personalized attention and support, and we are committed to helping you achieve the best possible outcome for your legal matter.
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