AMENDMENT TO THE SECURITIZATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 (54 OF 2002)

AMENDMENT TO THE SECURITIZATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 (54 OF 2002) https://www.taxtmi.com/acts?id=31242 The amendment substitutes the opening words of section 13(9) of the Securitization and Reconstruction Act so that the provision now operates "subject to the provisions of the Insolvency and Bankruptcy Code, 2016," expressly subordinating the relevant securitization enforcement mechanism to the insolvency framework and requiring alignment of enforcement actions with IBC processes and constraints. en-us Tue, 02 Jan 2018 18:14:10 +0530 Tue, 02 Jan 2018 18:33:24 +0530 TaxTMI RSS Generator AMENDMENT TO THE SECURITIZATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 (54 OF 2002) https://www.taxtmi.com/acts?id=31242 The amendment substitutes the opening words of section 13(9) of the Securitization and Reconstruction Act so that the provision now operates "subject to the provisions of the Insolvency and Bankruptcy Code, 2016," expressly subordinating the relevant securitization enforcement mechanism to the insolvency framework and requiring alignment of enforcement actions with IBC processes and constraints. Act-Rules IBC Tue, 02 Jan 2018 18:14:10 +0530 https://www.taxtmi.com/acts?id=31242