Amendments to securitisation law integrate changes into the insolvency framework, updating enforcement and reconstruction provisions. Section 251 directs that the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 shall be amended in the manner specified in the Seventh Schedule, incorporating those modifications into the Insolvency and Bankruptcy Code scheme and providing for the amendments to come into force from the notified commencement date.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Amendments to securitisation law integrate changes into the insolvency framework, updating enforcement and reconstruction provisions.
Section 251 directs that the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 shall be amended in the manner specified in the Seventh Schedule, incorporating those modifications into the Insolvency and Bankruptcy Code scheme and providing for the amendments to come into force from the notified commencement date.
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