Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act :

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act ,2002

Act No : 54

Section : Resolution of disputes.

11. Resolution of disputes.-Where any dispute relating to securitisation or reconstruction or non-payment of any amount due including interest arises amongst any of the parties, namely, the bank, or financial institution, or securitisation company or rec nstruction company or qualified institutional buyer, such dispute shall be settled by conciliation or arbitration as provided in the Arbitration and Conciliation Act, 1996 (26 of 1996), as if the parties to the dispute have consented in writing for deter ination of such dispute by conciliation or arbitration and the provisions of that Act shall apply accordingly.