Resolution versus creditor rights: India strongly needs to tame SARFSESI Act
Material type: Mixed materialsPublication details: 2013Description: 14-18Subject(s): NLM classification:- 658.16
Item type | Current library | Call number | Vol info | Status | Date due | Barcode | |
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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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