Legal Question in Banking Law in India
Asset Reconstruction Company in India
Can a Securitisation and Reconstruction Co. of India acquire performing assets also from banks/FIs for the purpose of securitisation or not?
Asked on 1/07/09, 12:01 pm
3 Answers from Attorneys
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
Re: Asset Reconstruction Company in India
If the assets are performing, the question of acquiring by lender does not arise. The lender may have rights of mortgagee.
Answered on 1/07/09, 5:05 pm
J. Radhakrishnan
independent Practice
Re: Asset Reconstruction Company in India
While in theory it is possible for an ARC to purchase a performing asset, no bank or FI would part away with the same.
Answered on 1/08/09, 11:19 pm
Prof.Somnath Mukherjee
s.mukherjee associates,09874053359
Re: Asset Reconstruction Company in India
your question is not clear to me.You are request to consult a lawyer
Answered on 1/08/09, 12:37 am
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