Enforcement of Security Interest: government designates certain NBFCs as financial institutions enabling enforcement of secured debts above set thresholds. The Central Government specifies that non-banking financial companies meeting a prescribed asset-size eligibility are to be treated as financial institutions under the SARFAESI Act and thereby entitled to enforce security interest in secured debts meeting a prescribed minimum threshold; the notification supersedes earlier specified notifications while preserving prior acts or omissions under them.
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.
Enforcement of Security Interest: government designates certain NBFCs as financial institutions enabling enforcement of secured debts above set thresholds.
The Central Government specifies that non-banking financial companies meeting a prescribed asset-size eligibility are to be treated as financial institutions under the SARFAESI Act and thereby entitled to enforce security interest in secured debts meeting a prescribed minimum threshold; the notification supersedes earlier specified notifications while preserving prior acts or omissions under them.
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