Currently there is no corresponding mechanism for securitisation of non-performing assets (NPAs) through the SPE route. The SARFAESI Act, 2002 does provide for securitisation of NPAs but such securitisations have to be undertaken by Asset Reconstruction Companies (ARCs) licensed under the Act, in terms of the specifically laid down statutory/regulatory norms. Based on market feedback and stakeholder consultations, it was decided to enable securitisation of NPAs through the SPE route, on the lines of securitisation of standard assets. Read here about new mechanism for securitisation of non-performing assets (NPAs) through the SPE route
High Court in this case has granted Interim relief for Pending the hearing and final disposal of the present Writ Petition, stay the operation and effect of the Order passed on February 28, 2022 passed by the IBBI for suspending the registration of Mr. Vishwanath Shridhara Prabhu as a registered valuer till he is acquitted of the charges.