See if there is no NPA notice under 13(2) served and you are paying your emi regularly you can contact  financial institution there can be mistake on there part.

Further they cannot force you out from your premises on mere notice they have to get a court order so in that it can be contested.

Further if any notice earlier received and it is notice of section 14 sarfesi you need to approach drt to get the stay by filing application under section 17.

Send letter to company by speed post AD to revoke eviction notice as you have paid all EMI and no instalments are pending 

2) it is doubtful company would take physical possession when you are not s defaulter 

Possession can be taken if there is default

What do you mean by section 14 notice? 

1. Do not make any further delay and file a case before DRT under section 17 if the SARFAESI Act.

2. Since you have largely repaid the money taken on loan you can seek injunction on sale and delivery of khas possession which is likely to be allowed in all probability.

3. So consult an advocate and file the application immediately. You will get desired result.

Good luck.

If you have paid all EMI then you can request bank to hold the same. Else you need to approach the court immediately and get interim stay.

1. IF you have documentary evidence of ALL payments (EMI, Interest, Penalty, Charges, etc....) THEN file proper Application before DRT by making the financing agency as party and describe the events and documentary evidences and pray for quashing of the "eviction notice" or "auction notice". Serve the application copy to the financier and obtain stamp+sign acknowledgement.
Do this thru a proper experienced lawyer, on urgent basis.

Keep Smiling .... Hemant Agarwal

First need to speak to IIFL about the notice and move to High court for stay of possession order.

If the borrower's account is classified as a non-performing asset (NPA), where repayment is overdue by 90 days, the lender has to first issue a 60-day notice to the defaulter. “If the borrower fails to repay within the notice period, the bank can go ahead with sale of assets.

1. As per the information mentioned in the present query, makes it clear that you have paid all the EMIs except few, but now got the eviction notice for not paying the prior pending dues.
2. Yes, you should go before the civil court of law to get an injunction after filing a suit for permanent as well as temparory for the quick injunction (so should not be waiting to get the same at the conlsuion of the case).
3. And Once you get injunction then may also move for the mediation and settle the amount in some instalments, if any amount is outstanding there.

 If you are paying your EMIs diligently then apply to DRT for a stay order. Annex the proof of payment of EMIs.

Approach DRT.

If the finance company has not initiated any action under section 14 since you have been paying the EMI regularly, then you may approach DRT to obtain a stay order  against their proposal to  take possession.

You may produce all the documentary evidences for the regular payment of the EMI amount before DRT to obtain stay order.