An introduction to SARFAESI Act

An introduction to SARFAESI Act

The webinar was on the topic "An introduction to SARFAESI Act" and the speaker is Mr. Imayavaramban, Advocate at Madras High Court. 

The speaker introduced the basics of SARFAESI Act. He also explained the method of filing in a commercial dispute. He explained how the banks and money related matters are dealt with under SARFAESI proceedings. He also explained how the lands are acquired along with a note that the active agricultural lands can not be acquired. He further mentioned which banks come under this Act and why these banks come under this Act. 

This topic was taken to provide the basic knowledge about the banks and land acquisition under banks to students so that they can deal with land acquisition while they face default of loan payment.