An in-depth analysis of various types of recovery mechanisms to be adopted by the banks/fis with a practical approach to recovery methods. the complete process of initiating action under the securitisation act to restrain the borrower from transfer/lease/sale of secured assets, including issuance of notices to the debtors of the borrower. action to be taken for enforcement of the security interest in respect of immovable property which was originally agricultural property but converted into non-agricultural one at the time of taking action under the act. salient features under the english mortgage vis-à-vis securitisation act. the role and responsibility of the authorised officer (ao), and precautions to be taken while exercising the powers conferred on the ao under the act, along with the relevant check list. practical tips for taking possession of the movable and immovable assets and sale procedure thereof. means and methods to get the reference under bifr abated under the act and system of cdr mechanism. powers of state government under the bombay relief undertaking act, 1958. procedure to be adopted for taking action under the securitisation act in the suit filed cases. procedure and system of acquisition of assets by assets reconstruction companies (arcs). mechanism of central registry. readymade formats that are to be used while taking action under the securitisation and reconstruction of financial assets and enforcement of security interest act, 2002 and other recovery mechanisms, etc. powers of recovery officers under drt act and execution of decree. negotiating skills for settlement of cases in recovery camp/lok adalat. case studies and important legal decision of various courts to give a practical orientation.
|Author||R. C KOHLI|
|Publisher||TAXMANN PUBLICATIONS PVT. LTD.|
|Publication Year||2ND EDITION|
|Number of pages||424|
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PRACTICAL APPROACH TO RECOVERY MANAGEMETN IN BANKS/FIS & SECURITISATION ACT?