Lexis Nexis’s Securitisation, Asset Reconstruction and Enforcement of Security Interests by Vinod Kothari – 7th Edition 2024.

When evaluating the fundamental health of the financial sector, understanding the statutory mechanisms for debt recovery is just as critical as analyzing cash flow from operations. Over the past 21 years, Securitisation, Asset Reconstruction and Enforcement of Security Interests (7th Edition, 2024), published by LexisNexis, has stood as the definitive guide on the SARFAESI Act. Authored by the highly respected dually qualified CMA/CS Vinod Kothari, this 3-in-1 format treatise bridges complex banking regulations with actionable asset recovery strategies, making it indispensable for anyone structuring, auditing, or analyzing corporate debt.

Securitisation Structures & Asset Reconstruction

Divided into three comprehensive parts, this treatise unpacks the intricate legalities of the Indian securitisation market and international regulatory guidelines:

• NPA Management & ARCs: Delves heavily into the mechanisms for managing and recovering non-performing loans, explaining the exact operational limits and roles of Asset Reconstruction Companies.

• The SARFAESI Framework: Provides a section-wise, critical commentary on the SARFAESI Act, 2002, ensuring lenders can enforce security interests without the intervention of courts.

• Performing Loans & RBI Master Directions: Offers a detailed commentary on the RBI 2021 Master Directions on Securitisation of Standard Assets, unpacking the often-overlooked taxation and accounting complexities of these transactions.

Corporate Debt Recovery & Case Law

The book provides a comprehensive explanation of the evolving measures for addressing non-performing loans over the years, comparing securitisation structures with direct portfolio transfers. It is exhaustively updated to include all notable domestic and international case law up to 2024, ensuring litigators and in-house counsels have the latest precedents at their fingertips.

Who Should Buy This Book?

• Cost Accountants & Statutory Auditors: The ultimate desk reference for auditing NPA classifications, verifying securitisation taxation, and ensuring corporate debt compliance.

• Equity Research Analysts & Investment Bankers: Essential for conducting SEBI-compliant fundamental stock screening on BFSI sector entities and evaluating the operational impact of asset reconstruction.

• Corporate Lawyers & Insolvency Professionals: A highly authoritative courtroom weapon for enforcing security interests, advising ARCs, and navigating Debts Recovery Tribunal (DRT) proceedings.

About the Author

Vinod Kothari

Vinod Kothari is an internationally recognized author, trainer, and consultant on specialized financial subjects. Dually qualified as a Chartered Accountant (ACA) and a Company Secretary (FCS), he leads his own premier firm, Vinod Kothari and Company, with offices across Kolkata, Mumbai, Delhi, and Bengaluru.

His consultancy firm, Vinod Kothari Consultants Private Limited, is a leading advisor in the field of banking, financial services, and non-banking finance. A director of the Indian Securitisation Foundation, he has conducted specialized masterclasses for multilateral institutions, rating agencies, and financial entities in over two dozen countries. Having served as a visiting faculty member at the Indian Institute of Management (IIM) Calcutta for several years teaching Structured Finance and Taxation, his 16 books on finance and corporate law are considered the absolute pinnacle of Indian corporate literature.

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