000 00990npc a2200169Ia 4500
008 140613s2013 xx 000 0 und d
060 _a658.16
100 _aKOTHARI, VINOD
245 _aResolution versus creditor rights: India strongly needs to tame SARFSESI Act
260 _c2013
300 _a14-18
520 _aResolution of sickness, liquidation and enforcement of security interests need a balance. Enforcement of security interests is a topical remedy, while liquidation is a holistic remedy. Before either of these, the possibility of revival of a bankrupt entity need to be evaluated, as the society cannot afford to kill business which have a chance of survival. Unbridled enthusiasm in enforcing the provisions of the SARFAESI Act has created a situtation where the vry philosophy of revival of companies has been put to question.
653 _aREORGANIZATION
700 _aBAGARIA, SOMA
773 _oP14705
_nM
_921885
_011164
_tCHARTERED SECRETARY
942 _2ddc
_cARTCL
999 _c11602
_d11602