Legal glossary
“asset reconstruction”
Defined in 1 Acts. A definition holds for the Act that gives it; the same word can mean something else in another Act.
The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 · s. 2
(b) "asset reconstruction" means acquisition by any[2] [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; 3[(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;]
Read section 2