Resolution versus creditor rights: India strongly needs to tame SARFSESI Act

By:

KOTHARI, VINOD

Contributor(s):

BAGARIA, SOMA

Material type:

Mixed materialsPublication details: 2013Description: 14-18Subject(s):

REORGANIZATION

NLM classification:

658.16

In: CHARTERED SECRETARYMSummary: Resolution of sickness, liquidation and enforcement of security interests need a balance. Enforcement of security interests is a topical remedy, while liquidation is a holistic remedy. Before either of these, the possibility of revival of a bankrupt entity need to be evaluated, as the society cannot afford to kill business which have a chance of survival. Unbridled enthusiasm in enforcing the provisions of the SARFAESI Act has created a situtation where the vry philosophy of revival of companies has been put to question.

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Holdings
Item type	Current library	Call number	Vol info	Status	Date due	Barcode
Periodicals/Magazines	SSCBS Library		43/1	Available		P14705

Resolution of sickness, liquidation and enforcement of security interests need a balance. Enforcement of security interests is a topical remedy, while liquidation is a holistic remedy. Before either of these, the possibility of revival of a bankrupt entity need to be evaluated, as the society cannot afford to kill business which have a chance of survival. Unbridled enthusiasm in enforcing the provisions of the SARFAESI Act has created a situtation where the vry philosophy of revival of companies has been put to question.

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