Taxmann's SARFAESI & Debts Recovery Law Manual by Taxmann

Contents I-9 List of Circulars/Notiﬁcations I-23 BOOK ONE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 DIVISION ONE GUIDE TO SARFAESI ACT, 2002 Chapter 1 : 1.5 Chapter 2 : 1.24 Chapter 3 : 1.57 Chapter 4 : 1.78 Chapter 5 : 1.88 Chapter 6 : 1.101 Chapter 7 : 1.115 SUBJECT INDEX 1.125 DIVISION TWO SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 2.3

I-5

Chapter-Heads

2.7 2.55 DIVISION THREE RULES 3.3 3.35 3.43 DIVISION FOUR CIRCULARS/DIRECTIONS/NOTIFICATIONS/ORDERS 4.3 4.48 4.85 4.98 4.108 4.110 4.112 BOOK TWO RECOVERY OF DEBTS AND BANKRUPTCY ACT, 1993

FIVE

TO RECOVERY OF DEBTS AND BANKRUPTCY ACT, 1993 Chapter 1 : 5.5 I-6

DIVISION

GUIDE

Chapter 2 : 5.15 Chapter 3 : 5.22 Chapter 4 : 5.41 Chapter 5 : 5.49 Chapter 6 : 5.53 Chapter 7 : 5.69 Chapter 8 : 5.81 SUBJECT INDEX 5.89 DIVISION SIX RECOVERY OF DEBTS AND BANKRUPTCY ACT, 1993 6.3 6.7 6.37 DIVISION SEVEN RULES 7.3 7.7 7.27 7.33 7.41 7.53 7.59 7.63 7.67 I-7

DIVISION EIGHT NOTIFICATIONS 8.3 I-8

Contents Chapter-Heads I-5 List of Circulars/Notiﬁcations I-23 BOOK ONE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 DIVISION ONE GUIDE TO SARFAESI ACT, 2002 1 OVERVIEW OF SARFAESI ACT 1.1 1.5 1.1-1 1.6 1.1-2 1.7 1.1-3 1.8 1.2 1.9 1.2-1 1.10 1.2-2 1.11 1.2-3 1.12 1.2-4 1.13 1.3 1.14 1.3-1 1.16 1.4 1.16 I-9

1.4-1 1.17 1.4-2 1.18 1.4-3 1.18 1.4-4 1.18 1.4-5 1.19 1.4-6 1.19 1.4-7 1.20 1.5 1.20 1.5-1 1.20 1.5-2 1.21 1.6 1.21 1.7 1.21 1.7-1 1.22 1.7-2 1.22 1.7-3 1.23 1.7-4 1.23 1.8 1.23 2 ENFORCEMENT OF SECURITY INTEREST 2.1 1.24 2.1-1 1.24 2.1-2 1.25 2.1-3 1.26 I-10

2.2 1.26 2.2-1 1.27 2.2-2 1.27 2.2-3 1.27 2.2-4 1.30 2.2-5 1.31 2.3 1.31 2.3-1 1.32 2.3-2 1.32 2.3-3 1.33 2.4 1.33 2.4-1 1.34 2.4-2 1.34 2.4-3 1.34 2.4-4 1.35 2.4-5 1.35 2.4-6 1.35 2.4-7 1.36 2.5 1.36 2.5-1 1.37 2.5-2 1.37 2.5-3 1.38 2.5-4 1.39 2.6 1.40 2.6-1 1.41 2.6-2 1.42 2.6-3 1.43 2.6-4 1.43 2.6-5 1.44 2.7 1.45 I-11

2.7-1 1.45 2.7-2 1.46 2.7-3 1.46 2.8 1.47 2.8-1 1.47 2.8-2 1.47 2.8-3 1.47 2.8-4 1.50 2.9 1.53 2.9-1 1.54 2.10 1.55 2.10-1 1.55 2.11 1.56 3

3.1 1.57 3.1-1 1.57 3.1-2 1.57 3.2 1.60 3.2-1 1.62 3.2-2 1.62 3.2-3 1.63 3.2-4 1.64 3.2-5 1.64 3.3 1.64 3.3-1 1.65 3.3-2 1.65 I-12

PROCEDURE FOR SALE OF ASSETS

3.3-3 1.69 3.4 1.70 3.5 1.72 3.5-1 1.74 3.5-2 1.74 3.6 1.74 3.6-1 1.75 3.6-2 1.75 3.6-3 1.76 3.6-4 1.77 4

4.1 1.78 4.1-1 1.78 4.1-2 1.79 4.1-3 1.80 4.1-4 1.81 4.1-5 1.81 4.2 1.81 4.2-1 1.82 4.2-2 1.82 4.3 1.83 4.3-1 1.83 4.3-2 1.84 4.3-3 1.85 I-13

APPLICATION, APPEALS AND PENALTY UNDER SARFAESI ACT

4.4 1.85 4.5 1.86 4.5-1 1.86 5 SECURITISATION 5.1 1.88 5.1-1 1.89 5.1-2 inter se 1.89 5.2 1.89 5.2-1 1.91 5.2-2 1.91 5.2-3 1.91 5.2-4 1.92 5.2-5 1.92 5.3 1.92 5.3-1 1.93 5.3-2 1.94 5.3-3 1.94 5.4 1.96 5.5 1.96 5.6 1.97 5.7 1.97 5.7-1 1.97 5.7-2 1.99 5.7-3 1.100 5.7-4 1.100 I-14

ASSET RECONSTRUCTION COMPANIES

6.1 1.101 6.1-1 1.101 6.1-2 1.102 6.2 1.103 6.2-1 1.103 6.2-2 1.104 6.2-3 1.104 6.3 1.105 6.4 1.105 6.4-1 1.106 6.4-2 1.106 6.4-3 1.106 6.5 1.107 6.6 1.107 6.7 1.108 6.7-1 1.109 6.7-2 1.110 6.7-3 1.110 6.7-4 1.111 6.8 1.112 6.8-1 1.112 6.8-2 1.113 6.9 1.113 6.9-1 1.114 I-15

DIVISION TWO

SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002

UNDER SARFAESI ACT 7.1 1.115 7.1-1 1.116 7.1-2 1.116 7.1-3 1.117 7.2 1.118 7.2-1 1.118 7.2-2 1.118 7.2-3 1.119 7.2-4 1.119 7.3 1.120 7.3-1 1.120 7.3-2 1.121 7.3-3 1.122 7.3-4 1.122 7.4 1.123 SUBJECT INDEX 1.125

REGISTRATION OF TRANSACTIONS

2.3 2.7 2.55 I-16

DIVISION THREE RULES 3.3 3.35 3.43 DIVISION FOUR CIRCULARS/DIRECTIONS/NOTIFICATIONS/ORDERS 4.3 4.48 4.85 4.98 4.108 4.110 4.112 BOOK TWO RECOVERY OF DEBTS AND BANKRUPTCY ACT, 1993 DIVISION FIVE

TO RECOVERY OF DEBTS AND BANKRUPTCY ACT, 1993 1 BACKGROUND OF RDB ACT 1.1 5.5 1.1-1 5.6 I-17

GUIDE

1.1-2 5.6 1.1-3 5.7 1.1-4 5.7 1.1-5 5.8 1.1-6 5.8 1.1-7 5.8 1.2 5.10 1.3 5.10 1.4 5.13 1.4-1 5.14 1.4-2 5.14 2

2.1 5.15 2.1-1 5.15 2.2 5.17 2.2-1 5.17 2.3 5.18 2.3-1 5.19 2.3-2 5.20 2.3-3 5.21 3 DEBT RECOVERY TRIBUNAL 3.1 5.22 3.2 5.24 3.2-1 5.24 I-18

ORIGINAL APPLICATION (OA) TO DRT FOR RECOVERY OF DEBTS

3.3 5.26 3.3-1 5.27 3.3-2 5.27 3.4 5.28 3.4-1 5.30 3.4-2 5.30 3.4-3 5.33 3.5 5.34 3.6 5.34 3.7 5.35 3.8 5.37 4 APPEAL

4.1 5.41 4.2 5.42 4.3 5.43 4.3-1 5.44 4.3-2 5.45 4.3-3 5.45 4.4 5.45 4.5 5.46 4.5-1 5.47 5 RECOVERY

5.1 5.49 5.1-1 5.49 5.2 5.50 5.3 5.50 I-19

AGAINST ORDER OF DRT BEFORE DRAT

AFTER ORDER

6 POWERS AND LIMITATIONS OF TRIBUNAL 6.1 5.53 6.1-1 5.54 6.1-2 5.54 6.2 5.56 6.2-1 5.57 6.2-2 5.58 6.2-3 5.59 6.3 5.62 6.4 5.64 6.5 5.65 6.5-1 5.67 6.5-2 5.68 7 LIMITATION ACT 7.1 5.69 7.1-1 5.70 7.1-2 5.71 7.1-3 5.71 7.1-4 5.71 7.2 5.72 7.2-1 5.72 I-20

7.2-2 5.73 7.2-3 i.e. 5.74 7.2-4 5.74 7.2-5 5.74 7.3 5.75 7.3-1 5.75 7.3-2 5.76 7.4 5.76 7.4-1 5.77 7.4-2 5.77 7.5 5.78 7.6 5.78 7.7 5.78 7.8 5.79 7.9 5.79 8

8.1 5.81 8.1-1 5.82 8.2 5.83 8.2-1 5.83 8.3 5.84 8.3-1 5.84 8.3-2 5.85 8.3-3 5.86 I-21

RBI DIRECTIONS ON RESOLUTION OF STRESSED ASSETS

8.4 5.87 8.5 5.87 8.6 5.87 8.7 5.88 8.8 5.88 SUBJECT INDEX 5.89 DIVISION SIX RECOVERY OF DEBTS AND BANKRUPTCY ACT, 1993 6.3 6.7 6.37 DIVISION SEVEN RULES 7.3 7.7 7.27 7.33 7.41 7.53 7.59 7.63 7.67 DIVISION EIGHT NOTIFICATIONS 8.3 I-22

Overview of SARFAESI Act

1.1 Background

CHAPTER 1.5

Para 1.1 1.6

1.1-1 Historical background of the present SARFAESI Act

proviso e 1.1-2 Constitutional Validity of SARFAESI Act Mardia Chemicals UOI 1.7 Para 1.1

Para 1.1 1.8

M R Utensils UOI Garlon

Polyfab State Bank of India

Apex Electricals ICICI Bank Ltd.

Court cannot compel rehabilitation IFCI

Sri Krishna Oil Complex Ltd.

1.1-3 SARFAESI Act applies to Jammu and Kashmir

Bank of India Santosh Gupta

Bhupinder Singh Sodhi UOI

State

1.2 Salient

a b c Chapter Description Section Nos.a b c 1.9 Para 1.2

features of SARFAESI Act

Para 1.2 1.10

1.2-1 Enforcement of Security Interest

i.e. 1.11 Para 1.2

1.2-2 Securitisation

zg 1.2-3 Asset

for the purpose of realisation of such ﬁnancial assistance b Para 1.2 1.12

Reconstruction

1.13 Para 1.2

1.2-4

Registration of securitization, reconstruction and creation of security interest

SARFAESI & DEBTS RECOVERY LAW MANUAL

AUTHOR

Rs. 1495 USD 50

DESCRIPTION

This book is a comprehensive book on the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI) & Recovery of Debts and Bankruptcy Act, 1993 (Debts Recovery Laws).

It contains chapter-wise commentary & statutory laws (i.e. Acts, Rules, Circulars & Notifications, etc.) on SARFAESI & Debt Recovery Laws.

The Present Publication is the 2023 Edition and has been amended upto 1st January 2023. This book is edited by Taxmann's Editorial Board, with the following coverage:

•SARFAESI

• Chapter-wise commentary on SARFAESI in 120+ Pages

•Act

• Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002

•Rules

• Securities Interest (Enforcement) Rules, 2002

• Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Central Registry) Rules, 2011

• Tribunal Reforms Act, 2021

•Circulars/Directions/Notifications/Orders

• Reserve Bank of India (Securitisation of Standard Assets) Directions, 2021

• Master Circular | Asset Reconstruction Companies

• Review of Regulatory Framework for Asset Reconstruction Companies (ARCs)

• Circulars & Notifications issued in SARFAESI Act

• Removal of Difficulty Orders of 2002

• Removal of Difficulty Orders of 2004

• Compendium of Old Instructions issued prior to Master Circular on Asset Reconstruction Companies

OF PUBLICATION

BINDING TYPE : TAXMANN : TAXMANN : JANUARY

: PAPERBACK

PUBLISHER DATE

EDITION ISBN NO NO. OF PAGES

2023

2023 : 9789356225367 : 676

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