Securitisation And Reconstruction of Financial Assets And Enforcement of Security Interest Act, 2002
Section - 26A - Rectification by Central Government in matters of registration, modification and satisfaction, etc
[Rectification by Central Government in matters of registration, modification and satisfaction, etc.
26A.
(1) The Central Government, on being satisfied-
may, on the application of a secured creditor or securitisation company or recons-truction company or any other person interested on such terms and conditions as it may seem to the Central Government just and expedient, direct that the time for filing of the par .... To read the full section download the app from Google Play store
| (a) | - | that the omission to file with the Registrar the particulars of any transaction of securitisation, asset reconstruction or security interest or modification or satisfaction of such transaction or; the omission or mis-statement of any particular with respect to any such transaction or modification or with respect to any satisfaction or other entry made in pursuance of section 23 or section 24 or section 25 of the principal Act was accidental or due to inadvertence or some other sufficient cause or it is not of a nature to prejudice the position of creditors; or |
| (b) | - | that on other grounds, it is just and equitable to grant relief, |
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