Law & Practice of Securitisation & Reconstruction of Financial Assets and Enforcement of Security Interest 9th Edition

Law & Practice of Securitisation & Reconstruction of Financial Assets and Enforcement of Security Interest (Ninth Edition, reprinted with 2021 Supreme Court updates) by Dr. R.G. Chaturvedi is a comprehensive and authoritative commentary on the SARFAESI Act, 2002. Published by Bharat Law Publications, this work provides in-depth analysis of the legal framework empowering banks and financial institutions to enforce security interests without court intervention.

The book systematically explains key provisions relating to classification of Non-Performing Assets (NPAs), issuance of demand notices under Section 13(2), measures under Section 13(4), possession and sale of secured assets, and borrower remedies under Section 17 before the Debt Recovery Tribunal (DRT). It also addresses the functioning of Asset Reconstruction Companies (ARCs) and the process of securitisation and reconstruction of financial assets.

Incorporating significant Supreme Court and High Court judgments, the commentary clarifies contentious issues such as jurisdictional challenges, procedural compliance, borrower protections, and interaction with other recovery laws including the Recovery of Debts and Bankruptcy framework.

Clear, analytical, and practice-oriented, this book is particularly valuable for advocates, banking law practitioners, in-house legal teams of financial institutions, chartered accountants, and judicial officers. It serves as both a professional reference and academic resource for understanding enforcement of security interest and banking recovery litigation in India.