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Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Chapter II
Title: Regulation of Securitisation and Reconstruction of Financial Assets of Banks and Financial Institutions
State: Central
Year: 2002
Matched in: Title Regulation of Securitisation and Reconstruction of Financial Assets of Banks and Financial Institutions
View Complete Act List Judgments citing this sectionSecuritisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Section 5
Title: Acquisition of Rights or Interest in Financial Assets
State: Central
Year: 2002
Matched in: Title Acquisition of Rights or Interest in Financial Assets
View Complete Act List Judgments citing this sectionSecuritisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Preamble 1
Title: Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
State: Central
Year: 2002
Matched in: Title Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
View Complete Act List Judgments citing this sectionBrief the judgments behind these acts
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Section 2
Title: Definitions
State: Central
Year: 2002
or letters of credit established or any other credit facility extended by any bank or financial institution; (l) "financial asset" means debt or receivables and includes-- (i) a claim to any debt or receivables or pan thereof, whether … (q) "obligor" means a person liable to the originator, whether under a contract or otherwise, to pay a financial asset or to discharge any obligation in respect of a financial asset, whether existing, future, conditional or contingent and
View Complete Act List Judgments citing this sectionSecuritisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Chapter I
Title: Preliminary
State: Central
Year: 2002
or letters of credit established or any other credit facility extended by any bank or financial institution; (l) "financial asset" means debt or receivables and includes-- (i) a claim to any debt or receivables or pan thereof, whether … (q) "obligor" means a person liable to the originator, whether under a contract or otherwise, to pay a financial asset or to discharge any obligation in respect of a financial asset, whether existing, future, conditional or contingent and
View Complete Act List Judgments citing this sectionSecuritisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Amending Act 1
Title: Amendment Act
State: Central
Year: 2002
namely:-- "5A. Transfer of pending applications to any one of Debts Recovery Tribunals in certain cases.--(1) If any financial asset, of a borrower acquired by a securitisation company or reconstruction company, comprise of secured debts of more than
View Complete Act List Judgments citing this sectionSecuritisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Section 6
Title: Subs. by s. 4, ibid., for clause
State: Central
Year: 2002
any other contract or obtaining assignment or licence of any intangible asset or purchase of debt securities;] (l) “financial asset” means debt or receivables and includes- (i) a claim to any debt or receivables or part thereof, whether
View Complete Act List Judgments citing this sectionSecuritisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Chapter III
Title: Enforcement of Security Interest
State: Central
Year: 2002
by him for transfer or sale of that secured asset. (9) In the case of financing of a financial asset by more than one secured creditors or joint financing of a financial asset by secured creditors, no secured … case of financing of a financial asset by more than one secured creditors or joint financing of a financial asset by secured creditors, no secured creditor shall be entitled to exercise any or all of the rights conferred
View Complete Act List Judgments citing this sectionSecuritisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Section 6
Title: Notice to Obligor and Discharge of Obligation of Such Obligor
State: Central
Year: 2002
or other interest created on the financial assets had been registered. (2) Where a notice of acquisition of financial asset under sub-section (1) is given by a bank or financial institution, the obligor, on receipt of such notice, … be, and payment made to such company in discharge of any of the obligations in relation to the financial asset specified in the notice shall be a full discharge to the obligor making the payment from all liability
View Complete Act List Judgments citing this sectionSecuritisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Section 7
Title: Issue of Security by Raising of Receipts or Funds by Securitisation Company or Reconstruction Company
State: Central
Year: 2002
and Exchange Board of India Act, 1992, any securitisation company or reconstruction company, may, after acquisition of any financial asset under sub-section (1) of section 5, offer security receipts to qualified institutional buyers (other than by offer to … assets and shall keep and maintain separate and distinct accounts in respect of each such scheme for every financial asset acquired out of investments made by a qualified institutional buyer and ensure that realisations of such financial asset
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