https://www.taxtmi.com/news?id=21704 The SARFAESI Act enables banks and financial institutions to enforce security interests and sell secured assets without court intervention, subject to procedural safeguards. The Authorised Officer must obtain an approved valuer's valuation and, with the secured creditor, fix a reserve price before sale. Aggrieved debtors may appeal to the Debts Recovery Tribunal and then to the Debts Recovery Appellate Tribunal. The Act applies uniformly to debtors and, following substantive legislative amendment in 2016, there is no current proposal to amend the Act or Rules. en-us Mon, 15 Jul 2019 18:58:17 +0530 Mon, 15 Jul 2019 18:58:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21704 The SARFAESI Act enables banks and financial institutions to enforce security interests and sell secured assets without court intervention, subject to procedural safeguards. The Authorised Officer must obtain an approved valuer's valuation and, with the secured creditor, fix a reserve price before sale. Aggrieved debtors may appeal to the Debts Recovery Tribunal and then to the Debts Recovery Appellate Tribunal. The Act applies uniformly to debtors and, following substantive legislative amendment in 2016, there is no current proposal to amend the Act or Rules. News - Mon, 15 Jul 2019 18:58:17 +0530 https://www.taxtmi.com/news?id=21704