Banks have invoked the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act against telecom infrastructure provider GTL to recover their pending dues.
SARFAESI Act:
Elements of the SARFAESI Act:
The SARFAESI Act is applied to the entire country of India. The SARFAESI Act, 2002 provisions are in effect for modifying the four laws listed below:
Aim of the SARFAESI Act:
The SARFAESI Act has two main objectives:
Need for the SARFAESI Act
What powers do banks have under the law?
Verifying, please be patient.