securtisation act

Querist : Anonymous (Querist) 04 September 2010 This query is : Resolved
Supreme Court upholds Securitisation Act. The Supreme Court on April 8 upheld the constitutional validity of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act. The challenge to the constitutional validity of the Act
TAJA NEWS found that DRT dont have right to auction any prpoerty. A verdit in supreme court on thursday 2/9/10 Is it true? if true how caniget total judgement?

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Chanchal Nag Chowdhury (Expert) 04 September 2010
Can't say. Beats common sense.

s.subramanian (Expert) 04 September 2010
Kindly do not analyse the law and the judgements on the basis of media reports in newspapers and television. they report everything in half-baked manner and sending wrong signals to the society.This is happening in several matters. Who told you that DRT is there for auctioning the properties. it is only the concerned bank which has the authority to conduct the auction. If there is any flaw in the same, the parties are provided the remedy before DRT. It is a supervisory jurisdiction conferred on DRT. Hence don't be misled by the reports on the media.

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