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Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Chapter III
Title: Enforcement of Security Interest
State: Central
Year: 2002
of the borrower including the right to transfer by way of lease, assignment or sale for realising the secured asset; 2[(b) take over the management of the business of the borrower including the right to transfer by way … of the borrower including the right to transfer by way of lease, assignment or sale for realising the secured asset: Provided that the right to transfer by way of lease, assignment or sale shall be exercised only where
View Complete Act List Judgments citing this sectionSecuritisation 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
(1) If any financial assets, of a borrower acquired by a securitisation company or reconstruction company, comprise of secured debts of more than one bank or financial institution for recovery of which such banks or financial institutions … (1) No securitisation company or reconstruction company shall commence or carry on the business of securitisation or asset reconstruction without-- (a) obtaining a certificate of registration granted under this section; and (b) having the owned fund
View Complete Act List Judgments citing this sectionSecuritisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Section 13
Title: Enforcement of Security Interest
State: Central
Year: 2002
of the borrower including the right to transfer by way of lease, assignment or sale for realising the secured asset; 2[(b) take over the management of the business of the borrower including the right to transfer by way … of the borrower including the right to transfer by way of lease, assignment or sale for realising the secured asset: Provided that the right to transfer by way of lease, assignment or sale shall be exercised only where
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 Amending Act 1
Title: Amendment Act
State: Central
Year: 2002
of the borrower including the right to transfer by way of lease, assignment or sale for realising the secured asset: Provided that the right to transfer by way of lease, assignment or sale shall be exercised only where
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
the secured creditor including the creation of mortgage by deposit of title deeds with the secured creditor; (zc) "secured asset" means the property on which security interest is created; (zd) "secured creditor" means any bank or financial institution
View Complete Act List Judgments citing this sectionSecuritisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Section 2
Title: Definitions
State: Central
Year: 2002
the secured creditor including the creation of mortgage by deposit of title deeds with the secured creditor; (zc) "secured asset" means the property on which security interest is created; (zd) "secured creditor" means any bank or financial institution
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
means debt or receivables and includes- (i) a claim to any debt or receivables or part thereof, whether secured or unsecured; or (ii) any debt or receivables secured by, mortgage of, or charge on, immovable property; or … extended by any bank or financial institution 1[including funds provided for the purpose of acquisition of any tangible asset on hire or financial lease or conditional sale or under any other contract or obtaining assignment or licence
View Complete Act List Judgments citing this sectionSecuritisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Section 4
Title: Ins. by Act 1 of 2013, s. 2
State: Central
Year: 2002
[(j) “default” means- (i) non-payment of any debt or any other amount payable by the borrower to any secured creditor consequent upon which the account of such borrower is classified as non-performing asset in the books of
View Complete Act List Judgments citing this sectionSecuritisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Section 14
Title: Chief Metropolitan Magistrate or District Magistrate to assist secured creditor in taking possession of secured asset.—
State: Central
Year: 2002
Matched in: Title Chief Metropolitan Magistrate or District Magistrate to assist secured creditor in taking possession of secured asset.—
View Complete Act List Judgments citing this sectionSecuritisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Section 13
Title: Enforcement of security interest.—
State: Central
Year: 2002
of the borrower including the right to transfer by way of lease, assignment or sale for realising the secured asset; 4 [(b) take over the management of the business of the borrower including the right to transfer by … of the borrower including the right to transfer by way of lease, assignment or sale for realising the secured asset:
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