Tag Archives: Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002

Section 7 of Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act 2016

Section 7 of Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act 2016 Section 7 of  Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act 2016 shall come into force w.e.f  4th day of November, 2016 vide Notification No S.O. 3395(E) Section 7 of  Enforcement of Security… Read More »

Section 4 (xiii) of Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act 2016

 Section 4 (xiii) of  Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act 2016 Section 4 (xiii) of  Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act 2016 shall come into force w.e.f  4th day of November, 2016 vide Notification No S.O. 3395(E) Section 4 (xiii)… Read More »

Bank can’t go to civil court to settle property claim if covered by SARFAESI Act

Held It is possible that a suit is filed before an appropriate civil court regarding the title to an immovable property and such immovable property later becomes the subject-matter of a bank’s claim. At the time of institution of the civil suit, the bank may not have had any claim or the property may not… Read More »