FM introduces Bill to fast track recovery of bad loans
- R.B.I to regulate asset reconstruction companies.
- Priority to secured creditors in repayment of debt
- Stamp duty exemption on loans taken over by ARCs from banks, FIs.
- Central registry of property rights.
- Online filing and uploading of rulings by DRTs
- Automatic transfer of assets by defendant by the DRT.
- Period of filing appeals cut down to 30 days.