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of <h1>Securitization Act amended: Section 13(9) now aligns with Insolvency and Bankruptcy Code, 2016 for security interest enforcement.</h1> In the amendment to the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, section 13, sub-section (9) is revised. The amendment replaces the phrase 'In the case of' with 'Subject to the provisions of the Insolvency and Bankruptcy Code, 2016, in the case of.' This change aligns the enforcement of security interests with the provisions outlined in the Insolvency and Bankruptcy Code, 2016, ensuring that actions under this section are subject to the broader insolvency framework established by the 2016 Code.
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