CN-0314Concepts · Banking · Wanted
Non-Performing Asset
Scope
A loan classified by the lender as no longer performing, and why that classification opens the way to enforcement without a court.
Authorities to start from
- Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, §§ 2(1)(o), 13
- Mardia Chemicals Ltd. v. Union of India, (2004) 4 SCC 311
These are places to start. Please check each one against the original before relying on it. Follow one to see which other entries start from it.
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