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what is the new sarfaesi act amendment in 2020?


New amendment for SARFAESI ACT


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Lawyer

Did you read the notification qua amendment or the amendment to the 2016 (amendeent) which is as under:-

"....registration of security interest by secured and other creditors, effect of registration of transactions, right of enforcement of securities and priority to secured creditors were not notified. The Ministry of Finance (Department of Financial Services) has now, vide notification No SO. 4619 (E)3 dated 26.12.2019, notified Sections 17, 18 and 19 of the Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016 (“Amendment Act”), which shall come into force on 24.01.2020....."

 
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Advocate

What are the facts? What is the context?

 
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