Bill to amend Sarfaesi, debt recovery tribunal Acts cleared by Lok Sabha4 min read . Updated: 02 Aug 2016, 02:13 AM IST
The amendments to the Sarfaesi Act and debt recovery tribunal Act are aimed at faster recovery and resolution of bad debts by banks and financial institutions
New Delhi: In an important step aimed to resolve bad loans, the Lok Sabha on Monday passed a bill to amend the existing Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act, and the debt recovery tribunal (DRT) Act.
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