https://www.taxtmi.com/caselaws?id=798263 Banks may enforce security interests under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 for secured loans acquired from non-notified non-banking financial companies. The statutory definitions of borrower, security arrangement, security interest and secured creditor apply purposively to existing loan agreements, regardless of whether the originating lender was covered when the loan was advanced. Assignment to a bank gives the acquired live and owing debt the attributes of a secured debt enforceable under the Act. Objections not adjudicated in the securitisation application remain subject to determination on their merits. en-us Wed, 02 Sep 2026 00:00:00 +0530 Fri, 04 Sep 2026 08:24:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798263 Banks may enforce security interests under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 for secured loans acquired from non-notified non-banking financial companies. The statutory definitions of borrower, security arrangement, security interest and secured creditor apply purposively to existing loan agreements, regardless of whether the originating lender was covered when the loan was advanced. Assignment to a bank gives the acquired live and owing debt the attributes of a secured debt enforceable under the Act. Objections not adjudicated in the securitisation application remain subject to determination on their merits. Case-Laws Indian Laws Wed, 02 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798263