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Section 17(1) of SARFAESI Act states, �Right to appeal: (1) Any person (including borrower), aggrieved by any o the measures referred to in sub-section (4) of section 13 taken by the secured creditor or his authorised officer under this chapter ..
�Fundamental justice is a legal term that signifies a dynamic concept of fairness underlying the administration of justice and its operation, whereas principles of fundamental justice are specific legal principles that command �significan ..
The Hon�ble Prime Minister of India and the Hon�ble Finance Minister of India,Dear Sirs,Some of the recent pronouncements with regard to non-performing asset have created concern among the honest and upright borrowers particularly coming ..
MANAGEMENT OF NON PERFORMING ASSETS (NPA)IMPORTANCE OF APPRAISAL AND ASSESSMENT OF LOAN FACILITY Any business preposition, be it a manufacturing industry, a trading business or a service enterprise, is a process of realisation of a vision through pro ..
Recently RBI Governor Mr. Reghuram Rajan said, “The fundamental lesson of every situation of banking stress in recent years across the world is to recognise and flag the problem loans quickly and deal with them…… Forbearance is o ..
The purpose of law is to ensure the dignity of human beings and to enable them to lead a decent life as free citizen having their human rights and constitutional rights protected and upholding the principles of natural justice. But the way the SARFAE ..
It is observed that the general belief and perception of many of the legal luminaries, Court Judges, Chair persons of DRAT and Presiding Officers of DRT and also the secured creditors and their authorised officers, is that Section 13(2) of SARFAESI A ..
IMPORTANCE OF HUMAN RESOURCES. Management of non-performing asset (NPA) is one of the foremost challenges of the banks and financial institutions. Most of the time while finding solutions to this issue, the more important aspect of human resources is ..
A host of petitions have been filed in the Supreme Court challenging the constitutional validity of SARFAESI ACT under Section 2(1) (o) of the said Act which is ..
The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI ACT) was enacted by Government of India to enable banks and financial institutions “to realise long-term assets, manage problems ..
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