Security Enforcement - Elixir Strategic Management
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Drafting & Issuance of Statutory Notices

Services

Issuing statutory notices correctly is the backbone of SARFAESI enforcement. Elixir ensures precise and legally sound drafting of the Section 13(2) Demand Notice, which gives the borrower 60 days to repay dues, and the Section 13(4) Possession Notice, which initiates action to take possession. Notices must clearly state outstanding amounts, borrower details, secured assets, and legal consequences of non-compliance. Elixir ensures service is done as per norms — by registered post, newspaper publication, and affixing notices on the property. The firm also handles objections filed by borrowers under Section 13(3A) and helps banks respond within the stipulated 15 days. Proper notice management protects banks from challenges in DRT and enables a smooth enforcement process.

  • Draft and serve SARFAESI notices under Sections 13(2) and 13(4).
  • Ensure content is compliant with legal requirements and formats.
  • Publish notices in English and vernacular newspapers.
  • Affix notices at borrower’s premises and secured assets.
  • Manage delivery through registered post with acknowledgment.
  • Respond to borrower objections under Section 13(3A).
  • Document all actions for future legal reference.
  • Avoid technical lapses that can invalidate SARFAESI actions.
  • Coordinate with bank teams for timely issuance.
  • Provide templates and customization for different cases.