The Banks are the life and blood of the economy, their business to provide and infuse credit into the market promote growth which in consequence bring prosperity into the economy. But this form of business of lending may also lead to credit defaulters in the market which consequently damages the credit business. The Banks which … Continue reading How Banks Recover Debts Through Secured Assets?
In the business of lending, a borrower receives capital from the lender on the basis of any guarantee or security collateral upon which the lender maintains his confidence on such debt. The Borrower in securing its debt creates a charge or mortgage upon the property owned by the Borrower. The Lender has the right to … Continue reading What Actions Can A Secured Creditor Have Against A Tenant In Possession Of Secured Asset?