Asset Reconstruction - Law Dictionary Search Results
Asset reconstruction
Matched in: Term Asset reconstruction
Property
copyright, trade mark, licence, franchise or any other business or commercial right of similar nature. [The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, s. 2(t)] Means any property of assets or … undertaking. The expression 'property' in Entry 42, List III has a wide connotation; and it includes not only assets, but the organisation, liabilities and obligations of a going concern as a unit, Shri Krishna Gyanoday Sugar Ltd.
Originator
financial asset which is acquired by a securitisation company or reconstruction company for the purpose of securiti-sation or asset reconstruction. [Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002), s. 2(1)(r)]
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Obligor
in respect of a financial asset, whether existing, future, con-ditional or contingent and includes the borrower. [Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002), s. 2(1)(q)] Means (1) One … It means a person liable to a 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, con-ditional or contingent and
Scheme
to be issued by a securitisation company or reconstruction company under that scheme. [Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002), s. 2(1)(y)] 1. A systematic plan; a connected
Reconstruction company
Matched in: Term Reconstruction company
Securitisation
Securitisation, means acquisition of financial assets by any securitisation company or reconstruction company from any originator, whether by raising of funds by such securitisation
Secured creditor
interest is created for due repayment by any borrower of any financial assistance. [Securitisation and Recon-struction of Financial Assets and Enforcements of Security Interest Act, 2002 (54 of 2002), s. 2(1) (zd)] Secured creditor, means any bank … institutions and includes-- (i) debenture trustee appointed by any bank or financial institution; or (ii) securitization company or reconstruction company; or (iii) any other trustee holding securities on behalf of a bank or financial institution, in whose
Non-performing asset
Matched in: Term Non-performing asset
Financial asset
Matched in: Term Financial asset
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