What do you know about ARC and how well versed are you with SARFAESI act?

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ARC stands for Asset Reconstruction Company which deals with acquiring and resolving non-performing assets. SARFAESI act allows banks to recover dues from defaulters without court intervention.

ARC is a specialized financial institution that acquires and resolves non-performing assets from banks and financial institutions.
SARFAESI act stands for Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest act.
SARFAESI act allows banks to take possession of collateral assets and sell them without court intervention in case of loan default.
Knowledge of ARC and SARFAESI act is essential for legal trainees dealing with financial institutions and non-performing assets.

What do you know about ARC and how well versed are you with SARFAESI act?

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