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.........................................................................................................................Book DescriptionThe primary concern of every Finance Minister is to alleviate the catastrophic bad debts on the economy of the Country. Various Committees set up by the Government to address this problem, and it was with this object that Debt Recovery Laws were framed. These laws provide much more simplified and uncomplicated methods for adjudication and recovery of bad debts.Though, these measures worked upto a certain extent, majority of Banks and Financial Institutions are still reeling under large amounts of bad debts. To convert bad debts in performing assets, Debt Recovery Laws must be rigorously and vigorously employed. The objectives are certainly laudable which aim at, specifically to deal with "non-performing assets' into 'performing assets'. Some stringent measures are also there in the laws to make them more effective. One of the Section mandates to recover bad debts to Banks and other Financial Institutions - that no appeal shall lie with Debt Recovery Tribunal unless the borrower deposits 75% of the amount due to Banks or Financial Institutions.Justice Srivastava's Commentaries on Securatisation & Debts Recovery Laws and other related laws was first published in the year 2000 and was well received and appreciated by the readers. The richness of the Commentary can be assessed from the very fact that over the last nine years, five editions has been sold, and the Sixth Edition of the book is now released which speaks laurels for the popularity & demand of this well known treatise on the subject which now runs into nearly 1700 pages with a beautiful getup.In revising each edition the authors have made a sincere attempt to maintain the sterling value & distinctive qualities of the original work with no pains spared and no stones unturned to incorporate all the relevant Amendments, Notifications and all the important and reportable decisions of the Apex Court, various High Courts & Debts Recovery Appellate Tribunals in this edition manifesting high degree of legal industry, as well as analytical compilation & exposition of law.Such a book would not only inspire, but will also enrich the Debt Recovery Laws Researchers, Makers, Interpreters, Adjuticators, Bankers, Financial Institutions, Banking Institutes—Corporate Houses, Bench & the Bar—including Law Schools, teachers & the taught and all concerned with this intricate subject..........................................................................................................................ContentsDebt Recovery LawsChapter 1. PreliminaryChapter 2. Establishment of Tribunals and Appellate TribunalsChapter 3. Jurisdiction, Powers and Authority of TribunalsChapter 4. Procedure of TribunalChapter 5. Recovery of Debts Determined by TribunalsChapter 6. MiscellaneousI. The Debts Recovery Tribunal (Procedure) Rules, 1993II. Debt Recovery Appellate Tribunal (Procedure) Rules, 1994• Debt Recovery Tribunals (Salaries, Allowances and Other Terms and Conditions of Service of Presiding Officers) Rules, 1993• Debt Recovery Appellate Tribunal (Salaries, Allowances and Other Terms and Conditions of Services of Presiding Officer) Rules, 1993• Debt Recovery Tribunal (Salaries, Allowances and Other Conditions of Service of Recovery Officer and Other Officers and Employees) Rules, 1993• Debt Recovery Appellate Tribunal (Salaries Allowances and Other Conditions of Service of the Officers and Employees) Rules, 1993• Debt Recovery Appellate Tribunal (Financial and Administrative Powers) Rules, 1997• Debts Recovery Tribunal (Financial and Administrative Powers) Rules, 1997• Debt Recovery Appellate Tribunal (Procedure for Appointment as Chairperson of the Appellate Tribunal) Rules, 1998• Debt Recovery Tribunal (Procedure for Appointment as Presiding Officer of the Tribunal) Rules, 1998III. The Securities and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002IV. The Security Interest (Enforcement) Rules, 2002V. Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Removal of Difficulties) Order, 2004.........................................................................................................................About DetailsWith a Foreword by Hon’ble Justice J.N. Bhatt, (Retd. Chief Justice of Patna High Court) and now chairman, Gujarat State Law commission, this thoroughly revised sixth edition is well known as the Best Commentary on Debt Recovery Laws.In this edition, and endeavour has been made to provide tools to Tribunals empowering them to be more effectiveAn alphabetically arranged Table of cases in bold letters the Latest cases discussed in the book, that enables the readers to trace at a glance the desired casesAn exhaustive Subject Index is given at the end of the book facilitating search of desired topics effortlessly by the reader, thus making this book user friendly..........................................................................................................................
