Securitisation And Reconstruction of Financial Assets And Enforcement of Security Interest Act, 2002

Section - 2 - Definitions

Definitions.

2. (1) In this Act, unless the context otherwise requires,-

(a)	-	"Appellate Tribunal" means a Debts Recovery Appellate Tribunal established under sub-section (1) of section 8 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (51 of 1993);
(b)	-	"asset reconstruction" means acquisition by any [asset reconstruction company] of any right or interest of any bank or financial institution in any financial assistance for the purpose of realisation of such financial assistance;
[(ba)	-	"asset reconstruction company" means a company registered with Reserve Bank under section 3 for the purposes of carrying on the business of asset reconstruction or securitisation, or both;]
(c)	-	"bank" means-