<p>This is the seventh edition of one of the earliest and most comprehensive commentaries on securitisation of non-performing loans, enforcement of security interests, asset reconstruction companies. The book has, over the past 21 years, been a definitive guide on the nuances of the SARFAESI Act. The book not only addresses non-performing loans but also includes comprehensive chapters on the securitisation of performing loans, encompassing RBI directions on the securitisation of standard assets, as well as the legal, taxation, and accounting aspects of securitisation.</p>

<p>The book is structured in a three-in-one format, encompassing: (i) Part 1, comprising 9 chapters, explores diverse topics such as types of securitisation structures and their intricacies, comparisons between securitisation and direct portfolio transfers, an overview of the Indian securitisation market, and international regulatory guidelines on securitisation. (ii) Part 2 offers a section-wise commentary on the SARFAESI Act, 2002. (iii) Part 3 provides commentary on the subordinate laws, including the Rules and Orders.</p>
