Whether Only Banks can Invoke Provisions of SARFAESI Act, 2002 to Recover Loan Amount ?

Whether Only Banks can Invoke Provisions of SARFAESI Act, 2002 to Recover Loan Amount ?

Virendra Rathore v. Tehsildar [2024] GCtR 3442 (Indore, MP) : HFC is entitled under law to resort to SARFAESI Act, 2002 towards recovery of their loans and borrowings, irrespective of the loan borrowings in favour of the borrower falling below the threshold of Rs. 20 Lakhs.