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The Economic Times

Personal Finance / The Economic Times

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Home loan default case: Why acting within 45 days can stop a bank auction

Banks can auction homes for home loan defaults. Borrowers facing this can approach the Debt Recovery Tribunal within 45 days of the bank's action. This tribunal can review the bank's measures. If violations are found, the tribunal can restore property possession to the borrower. Timely action is crucial for homeowners.

17 Mar 2026 2:49 pm