Understand how a builder or owner can (and cannot) sell mortgaged property without a bank’s NOC. Learn the laws, risks, and redressal options for buyers

As lenders grapple to recover their investments from the debt-stricken retailer, the focus has shifted to the potential recovery through the asset held by Bansi Mall Management Co Pvt Ltd (BMMCPL), a subsidiary under the umbrella of the Future Group.

The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (SARFAESI Act) is an essential piece of legislation that provides an effective legal framework for the recovery of defaulted loans in India.