Borrowers Consultancy

The SARFAESI Act (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act) empowers banks and financial institutions to recover non-performing assets without court intervention. FAQs cover topics like the scope of the act, procedures for asset seizure, borrower rights, and timelines for compliance and resolution.

The SARFAESI Act enables banks to seize and auction assets to recover loans without court intervention. Key provisions include asset securitization, reconstruction of financial assets, and enforcement of security interests. The rules outline procedures for notice issuance, asset possession, and auctioning, ensuring transparency and protecting borrowers’ rights.

The Recovery of Debts and Bankruptcy Act (RDB Act) expedites debt recovery for banks and financial institutions. It allows them to recover unpaid loans and manage bankruptcy cases efficiently. The Act empowers Debt Recovery Tribunals (DRTs) to adjudicate and execute claims, ensuring swift resolution and minimizing asset losses.

The Recovery of Debts and Bankruptcy Act (RDBA) is crucial for efficient debt recovery and insolvency resolution. Key provisions include the establishment of Debt Recovery Tribunals (DRTs) and Appellate Tribunals, simplified procedures for speedy adjudication, and mechanisms for the reconstruction of insolvent entities, ensuring financial stability and creditor protection.