The company follows the legal framework outlined in the SARFAESI Act and Rules. This includes drafting and servicing notices, such as the demand notice under section 13(2), symbolic possession notice, physical possession notice, and sale notice. These legal procedures are crucial steps in the enforcement of security interest.

Finsaga Pvt Ltd engages in a proactive follow-up with the borrower, educating them about the implications of the SARFAESI Act and persuading them for repayment of bank dues. This involves communication to ensure that borrowers are informed and understand the consequences of their financial obligations.

Upon obtaining necessary legal orders, Finsaga takes symbolic and physical possession of secured assets on behalf of the bank. This process involves coordination with law enforcement agencies, private security, and other necessary measures to secure and protect the assets.

The company plays a crucial role in the sale of seized assets. This includes assistance in the valuation of movable and immovable secured assets, fixation of reserve prices, and facilitation of the sale through various channels, such as auctions or direct sales. Finsaga's extensive database of prospective buyers and investors aids in the efficient recovery of dues for the banks within the legal framework of the SARFAESI Act.