Interplay Between Civil Court Jurisdiction And SARFAESI Remedies: Analysing The Judicial Bar Under Sections 34 And 17 And The Due Diligence Obligations Of Banks
The primary objective of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI ACT), as deduced from its Preamble, is to promote the financial health of banks and financial institutions by enabling them to recover non-performing assets (NPAs) quickly and efficiently. By empowering secured creditors to enforce their security […]
