{"id":27861,"date":"2026-07-14T04:32:27","date_gmt":"2026-07-14T04:32:27","guid":{"rendered":"https:\/\/www.legalserviceindia.com\/Legal-Articles\/?p=27861"},"modified":"2026-07-14T04:38:17","modified_gmt":"2026-07-14T04:38:17","slug":"constitutionality-section-13-sarfaesi-act-borrowers-rights-mardia-chemicals","status":"publish","type":"post","link":"https:\/\/www.legalserviceindia.com\/Legal-Articles\/constitutionality-section-13-sarfaesi-act-borrowers-rights-mardia-chemicals\/","title":{"rendered":"Constitutionality of Section 13 of the SARFAESI Act: Supreme Court on Borrowers’ Rights, DRT Remedies & Mardia Chemicals Explained"},"content":{"rendered":"\n

<\/span>Constitutionality of Section 13 of the SARFAESI Act, 2002<\/span><\/h1>\n\n\n\n

<\/span>Introduction<\/span><\/h2>\n\n\n\n

The SARFAESI Act<\/a> was introduced in the year 2002, and its objective is to provide a mechanism that helps banks when a loan amount becomes a non-performing asset. This Act gives power to banks to recover loans without the intervention of the court, so the question arises about the constitutionality of Section 13 of this Act, which gives power to banks to recover loans, and whether the bar on the right to approach the court is constitutionally valid or not.<\/p>

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