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Defaulter

Banks to avail Sarfaesi laws against defaulters’ loan burden

Banks to avail Sarfaesi laws against defaulters’ loan burden
Banks will now be relieved if the amendments to the Sarfaesi laws is done very soon! Under the proposed amendments in Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (Sarfaesi), banks wil now be allowed to seize the defaulter borrower’s property in any case. They can even buy the asset [...] Continue Reading »



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