About the Book
The book gives a balanced view on the SARFAESI Act both from the point of view of the lending institutions and the borrowers in case of a problem loan account. The book interprets the provisions of the SARFAESI Act and details the action/steps that could be taken under the Act. The book also discusses the other related laws on the subject. The book has been written completely from practical point of view!
The provisions of the SARFAESI Act discussed in the book:
- SCHEME OF SARFAESI ACT AND ITS EFFECTIVENESS
- REALISABLE ASSETS UNDER SARFAESI ACT
- SYMBOLIC V/S PHYSICAL POSSESSION OF THE ASSETS
- FORUM OR REMEDIES AVAILABLE TO THE BORROWERS
- POWERS OF CIVIL COURT UNDER SARFAESI ACT
- POSITION OF LET OUT PROPERTIES
Also given the text of
- The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
- The Security Interest Enforcement Rules, 2002
- Reserve Bank of India Guidelines on Asset Classification
- Reserve Bank of India Guidelines on Recovery Agents Engaged by Banks
Objectives of the Book
- Understanding practical aspects of the laws applicable on debt recovery through invoking the provisions of the SARFAESI Act
- To deal with the important legal issues while undertaking action under the SARFAESI Act
- Authors
- CS Rajesh Lohia
- CA Vijay K. Pamecha
Third Edition, 2023
- ISBN (13) 978-93-93766-65-6
- ISBN (10) 93-93766-65-7
- No. of pages 262
