Defamation

This will not be defamation , contest the case on accounts.

Dear Prem,

If there is any default on your part in not paying the instalment amounts, the lender can issue notices to you or can sue you in the court of law for recovery of the debt.

It is not good on the part of the borrower to propogate these facts to your MD, your friends and relatives etc., who are no way concerned with the issue.  These acts certainly lowers your repuration/character in their minds, which entitles you to prosecute your lender for defamation under section 499 of I.P.C. and simultaneuosly, you can file a civil suit claiming damages for the loss sufferred by you.

consult a local lawyer who can guide u more after perusing the letters sent by the lender.

Your only remedy to stop the sale of property under the SARFAESI Act by the bank , is to file Securitisation Appeal before jurisdiction DRT, through an advocate conversant with SARFAESI and DRT proceedings. Don't waste your precious time money and energy with other proceedings in other courts.  If you did not get remedy from DRT approach DRAT (appellate tribunal) and then, if necessary High Court.

Thanks for your reply, sir. However DHFL has only obtained the securitisation order from the CJM recently. On sending them a lawyer's notice they replied that I am welcome to go to their office and see the accounts. But each time I ask them for an OTS settlement they give different amounts which vary considerably.