![Madhya Pradesh High Court, Indore Bench](http://media.assettype.com/barandbench%2F2021-07%2Fa12c238c-faf7-4d44-a3ea-0d452e335f0b%2Findore.jpg?rect=0%2C0%2C1600%2C900&w=480&auto=format%2Ccompress&fit=max)
The Madhya Pradesh High Court has ruled that the ₹20 lakh minimum threshold for loan recovery by Non-Banking Financial Companies (NBFCs) under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARAFAESI Act) is not applicable to Housing Finance Companies (HFCs) [Virendra Rathore and ors. v. Tehsildar Distt. Mandsaur (Madhya Pradesh) SRG Housing Finance Limited and ors].