000			01499nam a22001577a 4500
999			_c520176 _d520176
008			220719b ||||| |||| 00| 0 eng d
100			_aRasool, Romisa _933803
245			_aNon-performing assets (NPAS): An analysis of SARFAESI act.
260			_aKashmir Journal of Legal Studies
300			_a9(1), 2022: p.169-194
520			_aThe banks and financial institutions are backbone of the economy. The growing figures of non-performing assets (NPA’s) have adversely affected the functioning of the banks. The problem of illiquidity and concentration of risk caused due to NPA’s called for special measures. In order to address the issue, Parliament of India came up with special legislations. Securitisation and Reconstruction of Financial Assets Act, 2002 (SARFAESI) is one such promising legislation which aimed to deal with the issue of NPA’S. The SARFAESI Act conferpower in the banks and financial institution to recover the bad debts without taking recourse to judicial machinery. The paper aims to trace out the legislative measures enacted from time to time to curb NPA’S. The critical analysis of the important provisions of the SARFAESI Act is carried out with a view to highlight the loopholes in the legislation. The working and efficacy of the legislation is also discussed. – Reproduced
650			_aSARFAESI act, NPA, Securitisation, Security interest. _932144
773			_aKashmir Journal of Legal Studies
906			_aFINANCIAL INSTITUTIONS
942			_cAR