The government on Monday moved the Enforcement of Security Interest and Recovery of Debts Laws Amendment Bill 2016 in the Lok Sabha for consideration and passing.
The Bill seeks to amend the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, the Recovery of Debts due to Banks and Financial Institutions Act, 1993, the Indian Stamp Act, 1899, and the Depositories Act, 1996.
Finance Minister Arun Jaitley moved the Bill.
The Bill was introduced in the Lok Sabha during last budget session and was referred to a Parliamentary Joint Committee.
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