Law and Practice of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest

.........................................................................................................................
Description
Reprint with Update of Supreme Court Judgments
✦This revised Ninth Edition incorporates reference to over 300 new judgments, of the High Courts and the Supreme Court, reported up to August, 2021.
✦Amendments made in the Act and rules and allied Acts up to date of publication as also amendments made by the Amending Rules up to date incorporated.
✦Provisions of law explained with author's illuminating comments where judicial pronouncements are not available. Up-to-date case- law and amendments commented upon. Conflict of views of different High Courts highlighted.
✦Definitions and other relevant terms & expressions in the Act dealt with comprehensively with help of case-law and references from renowned books.
✦Interplay of Provisions Contained in SARFAESI Act, 2002 and Insolvency and Bankruptcy Code, 2016 highlighted.
✦Comparative references to various Law Reports provided.
✦Provisions of other laws, such as, banking, contracts, transfer of property, etc., as also Recovery of Debts Due to Banks and Financial Institutions Act, 1993 and Rules thereunder incorporated.
✦Text of and extracts from relevant allied Acts and Rules provided
✦ An exhaustive Subject Index provided.
✦Text of RBI's Guidelines etc., as revised and amended up-to-date incorporated which include:
* Latest RBI's Prudential Norms on Income Recognition, Asset Classification & Provisioning Pertaining to Advances, i.e., norms for declaring non-performing assets (NPAs).
* Secularization Companies & Reconstruction Companies (RBI) Guidelines & Directions, 2003 as amended up-to-date.
* Guidance Notes for Secularization Companies and Reconstruction Companies as amended up-to-date.
* Guidelines to Banks/Fls on Sale of Financial Assets to Secularization Company (SC)/Reconstruction Company (RC)
* Model Policy on collection of dues and repossession of security
* Guidelines on Recovery Agents of banks
* Guidelines on Settlement of Non-performing Assets
✦ Some other notable features of the book are:
* Step-by-step Guide for taking action under Act.
* Draft Notices, Replies, Forms, Deeds, Applications, etc.
.........................................................................................................................
Contents
Part I - The Securitisation and Reconstruction of Financial Assets and Enforcement of
Serucity Interest Act, 2002
Chapter 1    Preliminary
Chapter 2    Regulation of Securitisation and Reconstruction of Financial Assets of
                      Banks and Financial Institutions
Chapter 3    Enforcement of Security Interest
Chapter 4    Central Registry
Chapter 4A  Registration by Secured Creditors and Other Creditors
Chapter 5    Offences and Penalties
Chapter 6    Miscellaneous
Part II - Ful text of Relevant Bare Acts, Rules and Notifications
•   The Enforcement of Security Interest and Recovery of Debts Laes (Amendment) Act, 2004
•    The Enforcement of Security Interest and Recovery of Debts Laes (Amendment) Act, 2012
•    The Enforcement of Security Interest and Recovery Debts Laws and Miscellaneous Provisions
      (Amendment) Act, 2016
•    Security Interest (Enforcement) Rules, 2002
•    Secularization and Reconstruction of Financial Assets and Enforcement of Security Interest
      (Central Registry) Rules, 2011   
•     The Banking Regulation (Amendment) Act, 2017 No. 30 of 2017
•    Form of Application for Registration of Secularization/Reconstruction Companies
•    The Recovery of Debts Due to Banks and Financial Institutions Act, 1993
•    Debts Recovery Tribunal (Procedure) Rules, 1993
•    Debts Recovery Appellate Tribunal (Procedure) Rules, 1994
•    The Debts Recovery Tribunals (Refund of Court Fee)  Rules, 2013
•    The Factoring Regulation Act, 2011
•    Registration of Assignment of Receivable Rules, 2012
•    The Sick Industrial Companies (Special Provisions) Repeal Act, 2003
Notifications
Part III - Extracts from selected Acts
Part IV - Appendices
Subject Index
.........................................................................................................................
Author Details
Dr. R.G. Chaturvedi was born on July 3, 1931.Did his M.A. (Phil.) in 1953 and topped in LL.B. in 1954 from theUniversity of Rajasthan. Did his Ph.D on Philosophy of Justice in 1978and D. Lift, in Philosophy of Law in 1987 from the Agra University. He is a prolific writer which is borne out by the fact that he haswritten over two dozen books on law and revised as many well-knownlegal classics. He is recipient of the prestigious National Ganesh Shankar VidyarthiAward conferred by the Uttar Pradesh Hindi Sansthan for his work:Samvaidhanik Darshan (Philosophy of Constitution) in Hindi. He attendedWorld Conference of the International Political Science Association atWashington in 1988 and read a paper: New Forms of Justice. He wasappointed as a Guest Professor of Jurisprudence at the University of North Texas, USA where he delivered a lecture: Basic Structure ofConstitution of India.
.........................................................................................................................