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PROVISIONS OF SARFAESI ACT 2002 AND DRT ACT

Instructor: ADVOCATE RUDRA PRASAD SINHA

Language: English

Learners Enrolled: 324 (Past) + 3 (Active)

Course Duration: 90 Days

Course Fees (INR): 7500/-

Course Description

The objective of the Course:
  • The banks and financial institutions offer loans and advances for the need of the borrower. These loans are often secured with assets. The incapacity of the borrower to repay the loan many times poises difficulty for the banks and financial institutions to survive. This money that is being lent is public and if the chain of continuity breaks the monetary circulation is affected and in turn the economy.
  • The assets which were mortgaged to lend money by the banks and financial institutions are difficult to be sold and recover money because the assets are under the ownership of the borrower and he holds the title of them. The right to property being a constitutional right and failure to repay loans by borrowers owing to different circumstances did not allow the banks to sell the property easily. This requirement brought the enactment of the SARFAESI Act,2002. Now the banks and financial institutions can create a charge on the assets and thereby create security of it.
  • This course will individually deal with the provisions of the SARFAESI Act, 2002, the Security Enforcement Rules, 2002, and DRT Act and Rules in light of the benefit of the borrower and secured creditor about the provisions of the abovementioned Act and Rules.
  • The course has categorically analyzed the various provisions in light of the Supreme Court of India and various High Courts and Debt Recovery Tribunals and Debt Recovery Appellate Tribunals.
  • The course has been designed to meet the requirement of both banks as well as borrowers. The representative of banks will understand the points which will enable them to bring merits for the recovery to be easy and on the other side, the representatives of the borrower will get insight on the points which will enable them to protect their assets in case there is a violation of the statutes and mandates by Supreme Court of India along with Reserve Bank of India. A careful and proper understanding of the subject will help a lot for each one of them in planning their cases. The students who are new to the practice field will get confident in the subject.

By studying this course, the following persons will be benefited:

  • The advocates who are practising in different courts and willing to practice in DRTs and DRATs will easily deal with cases related to the recovery of debts on the subject matter.
  • The students who are studying law and willing to make remarkable practice in DRTs and DRATs.
  • The law officers of several banks are keen to have an insight into the SARFAESI Act because this subject is the most sought-after in the banking industry.
  • The students who are studying other subjects of law related to financing and banking
  • The people who are in litigation for recovery of debts
Jobs & Career Opportunities:
  • Bank officials (Loan Officer)
  • Lawyers who deal with most cases of  Sarfaesi and DRT.
  • Non-bank officials 
  • Mortgage Loan Officer
  • Mortgage Broker
  • ED (Enforcement Directorate officers)

Other Important Information About This Online Course:

  • Maximum Duration to complete the Course: 3-Months
  • Course Fees: RS. 7,500/- (Several Payment Options Available: Credit & Debit Cards, CHEQUE, Demand Draft, Cash, Wire Transfer – NEFT, PAYTM)
  • Online Evaluation Method: Based on “Multiple Choice Question (MCQs)” and an “Assignment Submission” of 500 words.
  • The score of the online examination will be taken as the final result and Grade will be assigned as per the following scheme: Grade A – 80-100, Grade B – 65-79, Grade C – 50-64, Reattempt – Below 50
  • Next Batch: Each IALM course starts immediately after payment. Students can register online for the course at any time. Upon payment of fees and registration, the present Course will start immediately.

Course Curriculum

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Indian Academy of Law & Management ("IALM") bridges the skills gap between what is being taught in Indian law schools or in any Indian law institute, by providing online law courses in various disciplines...
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