Enforcement of Security Instruments in India

Abstract

The present paper deals with the procedures relating to the enforcement of security instruments in India and also about the issues revolving around it.The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (hereinafter, “SARFAESI Act”) enacts some very cardinal provisions in India for 3 domains of securitization, resolution of non-performing loans via the asset management route, and, also for enforcing rights vested in a secured creditor.