Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act of 2002
30
Aug
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act of 2002 Subject – Economy Context – Extend IBC provisions to InvITs: experts Concept – Banks utilize Sarfaesi Act as an effective tool for bad loans (Non Performing Asset) recovery. The Sarfaesi Act is effective only against secured loans where banks can enforce the underlying security. Basically, […]