Tools of establishing banker’s right over assets of the borrower

(This article explains how the actional claim, bailment, charge creation, hypothecation, lien, right of set-off, pledge, assignment, Trust receipt, etc. establish the right to recover from the specified assets of the borrower.) The charge creation means the establishment of the lender’s right to recover from the specified assets of the borrower, in case the recovery…

Full details of the recovery process through SARFAESI ACT 2002

(This article gives the details like rights of secured creditors, Application of mind and care is required in the service of notice of SARFAESI DEMAND NOTICE, POSSESSION NOTICE & SALE NOTICE, Special care to be taken while taking possession of movable properties, method of sale of secured property by way of inviting tenders from the public or by…