Events

25 Oct 2018|Jaipur | Amity University Rajasthan , Jaipur

Guest Lecture on "Debt Recovery Suits"

The Lecture was especially oriented to acquaint the students about banking law with special reference to Money Recovery Suits. The students were made aware about the provisions of RDDBFI Act 1993 and SARFAESI Act 2002. These enacted laws are used by the Bank/ Financial Institutions/ Asset Reconstruction Companies for the recovery of their loan amount from those borrowers who default in payment of loan amount.  Students attending the Lecture will be able to clearly understand the process of Recovery Suits filed before Debt Recovery Tribunal under above mentioned laws.

During the lecture, the speaker also emphasized on the liability of banks in case of theft and burglary in locker. Student’s response to the guest speaker was overwhelming and they had lots of questions which were appropriately replied to by the guest speaker.