Law Relating to Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest

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Book Description
The legislation, Securitisation & Reconstruction of Financial Assets & Enforcement of Security Interest Act, 2002 enacted providing one more remedy t the Banks and Financial Institutions to recover their dues from the defaulting borrowers speedily to alleviate the NPA menace. Section 13 of the Act gives the banks and financial institutions the right to enforce the security interest created by the borrowers while obtaining financial assistance without intervention of the Court. This provision is one the lines of some other special Actslike SFCs Act. IFCI Act etc. Where such statutes provide for recovering dues through extra judicial remedy. The special features of this book include detailed analytical synopsis for each provision in a lucid way with latest case law and full text of Supreme Courts recent decision on the constitutional validity of the Act, giving the reader an over all view of the scope and ambit of various provisions of the Act, Specially, the important Section 13. Allied Acts including the Recovery of Debts due to banks and Financial Institutions Act, 1993, Rules, Important RBI guidelines and Central Government Circulars, Notifications etc. have been given for ready reference, making it a comprehensive handbook to meet the requirements of lawyers, judicial officers, officers of banks and financial institutions and general public as well.
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Contents
Part I _   ACT & RULES
Part II –  CREDIT INFORMATION COMPANIES & DEBT RECOVERY TRIBUNALS
Part III –  MISCELLANEOUS
Part IV _  BARE ACT
Partt V _  GUIDELINESS / CIRCULARS
Subject Index
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Author Details
The Author is Practising advocate enrolled himself in year 1969, From 1973 to 1992 worked in Andhra Pradesh State Financial Corporation as Law Officer and again resumed practice of Law immediately He special sed in Banking and Corporate laws. During his tenure in APSFC as Law Officer, took initiative in drafting various types of loan security documents and getting them standardised.
Initiation of action u/S29 of SFCs Act, 1951 is a  very common mode of recovery of dues in SFCs. He was authorised in several matters to take recovery measures on behalf of the Corporation. Participated in several seminars and workshops and was also faculty in related training programmes and attended many programmes sponsored by All India Financial Institutions and also APSFC. His other books are i. Commentary on The Family Courts Act, 1984 ii. Law relating to Debts Recovery Tribunals, which have been well received by the readers throughout the country and both the books have gone to other edtions. Those books have been acclaimed by legal and other journals Including national daily "The Hindu". He has versatile knowledge in many branches of Law with a special interest in Banking side. Has been handling cases in DRTs from their very inception. This book reveals his professional accumen.
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