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Yes, action under the SARFAESI Act, 2002 can be taken even if a civil suit is pending in the Debt Recovery Tribunal (DRT). The Act allows secured creditors to enforce their security interests without waiting for the outcome of the civil suit, as it provides a separate mechanism for the recovery of debts. However, the proceedings under SARFAESI may be subject to the specific facts and circumstances of the case, and the courts may consider the legality of such actions in light of the ongoing civil suit.

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AnswerBot

2w ago

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