Many of the observations of the author in the 1st edition of the book have been vindicated by later judicial pronouncements, including those of the Supreme Court. The author’s incisive analysis weighs this enactment in light of common law principles, international law, and principles of equity. Not just enforcement of security interests, the present edition includes elaborate chapters on other rights of a secured lender on non-performing assets, including analysis of the very sensitive question of choosing between workouts, winding up and attachment under this law.

Securitisation is yet another important financial instrument of our times: the instrument has already helped banks and companies to raise more than USD.8 trillion globally. While this law has remained practically irrelevant for structuring securitisation transactions, the author, as an international authority on securitisation, provides a lucid guide to securitisation, including comments on RBI Guidelines. This treatise is the first comprehensive and incisive coverage on the law of securitisation, asset reconstruction and enforcement of security interests. Besides dealing threadbare with the provisions of the law, the book provides the reader a thorough grasp of the concepts of securitisation, asset management and the rights of a secured lender.

Highlights: l By an internationally recognised author on securitisation: existing books selling in 40 countries World-over. l Deals thread-bare with each section of this sensitive piece of law, exploring the intricacies, anomalies, and giving appropriate comparative view of common law, civil law and law in other countries. l Contains all subordinate law available to date: rules, directions, etc., with comments where required. l Part I contains 10 Chapters on securitisation, asset reconstruction, secured lending law, measures to deal with non performing loans, and DRT law.