SARFAESI Act definition

SARFAESI Act means the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, as amended or replaced from time to time.
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SARFAESI Act means the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Xxxxxxxx Xxx, 0000 and the rules framed thereunder.
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SARFAESI Act means Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act
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Examples of SARFAESI Act in a sentence

  • The recovery process of enforcement of mortgage/securities, including but not limited to, taking possession and sale of the mortgaged property in accordance with the procedure prescribed under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) or under any other law, is followed purely as per the directions laid down under the respective law.

  • Intimation/Reminders/Notice(s) are given to customer prior to initiating steps for recovery of overdues, under the Negotiable Instruments Act, Civil Suit as well as under the SARFAESI Act.

  • The Bank shall be entitled to refer the dispute to the Debts Recovery Tribunal under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 and shall also be entitled to enforce the Security under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) with amendment made in year 2016, where applicable.

  • Moreover, if the default persists the loan account may be declared as Non-Performing Asset, a notice recalling the entire outstanding amount shall be issued and suitable action for the recovery of outstanding dues may be initiated under section 138 of Negotiable Instruments Act, SARFAESI Act and or any other laws as WEHFL may decide on case to case basis.

  • That the borrower is well aware that the Central Government has notified BANDHAN BANK to be treated as a “Financial Institution” under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Xxxxxxxx Xxx 0000 (54 of 2002), (SARFAESI Act).

  • Intimation/ Reminders / Notice(s) are given to borrower/s prior to initiating steps for recovery of overdue, under the Negotiable Instruments Act, Civil Suit as well as under the SARFAESI Act.

  • The recovery process of enforcement of mortgage/securities, including but not limited to, taking possession and sale of the mortgaged property in accordance with the procedure prescribed under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2000 (SARFAESI Act) or under any other law, is followed purely as per the directions laid down under the respective law.

  • The Bank shall be entitled to refer the dispute to the Debts Recovery Tribunal under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 and shall also be entitled to enforce the Security under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act), where applicable.

  • The Authorised officer of Xxxxxxx has taken the possession of the below mentioned mortgaged properties on 27/09/2019 under the provisions of SARFAESI Act and Rules thereto.

  • Provided further that none of the aforesaid shall limit or prejudice the Bank from exercising of any of the Bank’s rights or remedies under SARFAESI Act and/or, IBC and/or any other applicable law.


More Definitions of SARFAESI Act

SARFAESI Act means the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 as amended from time to time;
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SARFAESI Act means the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and the rules and regulations thereunder; “Secured Property” shall mean the assets and/or properties (whether tangible, intangible, movable or immovable)enumerated in serial number 31 of the Schedule 1over which Security Interest has been created under or as evidenced by the Security Documents in favor of or on behalf of and/or for the benefit of
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Related to SARFAESI Act

  • SEBI Act or “Act” means the Securities and Exchange Board of India Act, 1992;

  • FMC Act means the Financial Markets Conduct Act 2013.

  • the 1981 Act which means the Compulsory Purchase (Vesting Declarations) Act 1981.

  • the 1991 Act means the Water Industry Act 1991(a);

  • HITECH Act means the Health Information Technology for Economic and Clinical Health Act, TitleXIII, Subtitle D, Part 1 & 2 of the American Recovery and Reinvestment Act of 2009.

  • the 1992 Act means the Local Government Finance Act 1992;

  • the 1998 Act (“Deddf 1998”) means the Teaching and Higher Education Act 1998;

  • the 1993 Act means the Pension Schemes Act 1993; “the 1995 Act” means the Pensions Act 1995;

  • ACNC Act means the Australian Charities and Not-for-profits Commission Act 2012 (Cth).

  • the 1973 Act means the Water Act 1973;

  • Public Works Act means the Public Works Xxx 0000;

  • Erasmus Code A unique identifier that every higher education institution that has been awarded with the Erasmus Charter for Higher Education receives. It is only applicable to higher education institutions located in Programme Countries. 5 Country code: ISO 3166-2 country codes available at: xxxxx://xxx.xxx.xxx/obp/ui/#search. 6 Any Programme Country enterprise or, more generally, any public or private organisation active in the labour market or in the fields of education, training and youth (training of staff members from Programme Country HEIs in Partner Country non-academic partners is not eligible).