15 July 2024


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MP HC: ?20 Lakh Minimum Threshold for Loan Recovery by NBFCs Not Applicable on HFCs - 23.05.2024

MP HC has held that Housing Finance Companies (HFCs) can invoke the SARFAESI Act, 2002 even when the loan amount is less than ?20 Lakhs and the minimum threshold of ?20 Lakhs for loan recovery by Non-Banking Financial Companies (NBFCs) is not applicable on them.

Tags : MP High Court SARFAESI Act 2002 Housing Finance Companies NBFC

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