Archive · 3 Sep 2025
HC Orders SARFAESI Training for Faster Loan Recovery
The Punjab & Haryana High Court wants banks to get their money back faster from bad loans.
They told a training center to teach government officials (DMs and Tehsildars) about a law called SARFAESI.
This law helps banks take back assets when people don't pay loans.
The court found that officials were taking too long, slowing down the process.
The court wants these officials to act quickly so banks can recover money sooner.
This helps the financial system because bad loans are a big problem.
The Punjab & Haryana High Court ordered training on the SARFAESI Act.
Training is for District Magistrates and Tehsildars.
The goal is to expedite loan recovery.
The court noted the slow execution of orders under the SARFAESI Act.
The initiative aims to reduce non-performing assets (NPAs).
- Who
- Punjab & Haryana High Court
- What
- Ordered training for District Magistrates and Tehsildars on the SARFAESI Act.
- When
- Published on September 3, 2025.
- Where
- Punjab, Haryana, and Chandigarh
- Why
- To expedite loan recovery and reduce NPAs.
- Court
- Punjab & Haryana High Court
- Act
- SARFAESI Act
- Officials Targeted
- District Magistrates, Tehsildars
- Objective
- Expedite Loan Recovery
- Training Institution
- Chandigarh Judicial Academy
- Judgement Date
- September 3, 2025 (publication)
- Focus
- Non-performing assets (NPAs)