Arcil - Auction Details
Commercial shop with construction area of 3900 sq.ft located in Arcil Retail Area. auction.
About This Auction
Commercial shop with construction area of 3900 sq.ft located in Arcil Retail Area.
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Auction Details
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Asset Reconstruction Company in India
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About Arcil
The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 is an Indian law. It allows banks and other financial institutions to auction residential or commercial properties of defaulters to recover loans. The first asset reconstruction company (ARC) of India, ARCIL, was set up under this act. By virtue of the SARFAESI Act 2002, the Reserve Bank of India has the authority to register and regulate Asset Reconstruction Companies (ARCs)....
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