Banks are the custodians of the public money. People generally deposit their money to the Banks for proper investment and transaction. Therefore, Banks lend and invest this Money to the Borrowers. Thus, the Banking transaction goes on.
But sometimes the problem arises when some borrowers become defaulters of repayment of the borrowed money and the Banks fall in a critical situation. For that reason, a proper legal process is highly required for the recovery of the money. And thinking the matter, the Government has enacted a special law in 2003 for the proper and speedy realization of the money from the defaulter borrowers. This special law is called the Money Loan Court Act, 2003 (popularly known as Artha Rin Adalat Ain).
This law has some special features. For Example, the Banks can file a suit against the defaulter borrowers but the Borrowers can not file any suit against the Banks under this special law. The Banks cannot file a case against their employees under this law for misappropriation of fund.
In the Corporate Sector, the special knowledge in this special law has an extensive significance. If this law is well-understood, it will certainly contribute to your Institutions. It is most important not only for the employees but also for the employers of all types of banking and Non-banking financial institutions. And, I think, these may be helpful to your Institutions as well as contribute to the economy of our Country.
The specific objectives of the training course are:
** To acquire the theoretical as well as practical knowledge on the Law.
** To be acquainted with the fundamental, essential and relevant provisions, rules, regulations, case laws etc. on the subject.
** To know the Court process on the Subjects.
** To know the safeguards for the banks and bankers under the laws.
How participants will be benefited after the course:
- Participants will learn the fundamental rules and provisions of the law.
- They will be able to protect their banks or institutions from any suit-loss.
- Participants will be able to reduce the unnecessary legal costs in the Courts.
- They will be able to recover the bad loans applying the appropriate provisions of law.
- Participants will also be able to protect their Institutions and thus contribute to the economy of our Country.
The Corporate Sector is very potential sector in ...Law
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Participants will know how to recover the due amount as ...Law
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