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Your bank can auction your property if you default on EMIs

On August 20, the Bank of Baroda issued a public notice saying Bollywood actor Sunny Deol had unpaid dues on a loan he had taken. The notice was later withdrawn but banks and lending institutions aim to recover their outstanding dues by seizing the defaulters property and auctioning it as per the SARFAESI Act of 2002
Naresh Malhotra Sunny Deol Santosh Pandey Adhil Shetty High Court Loan Default

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