law: Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
  9. Measures for
  
  assets reconstruction.- 
  Without prejudice to
  
  the provisions contained in any other law for the time being in force, a
  
  securitisation company or reconstruction company may, for the purposes of asset
  
  reconstruction, having regard to the guidelines framed by the Reserve Bank in
  
  this behalf, provide for any one or more of the following measures, namely:-
  a.     
  
    the
  
  proper management of the business of the borrower, by change in, or take over
  
  of, the management of the business of the borrower;
  b.    
  
    the
  
  sale or lease of a part or whole of the business of the borrower;
  c.     
  
    rescheduling
  
  of payment of debts payable by the borrower;
  d.    
  
    enforcement
  
  of security interest in accordance with the provisions of this Act;
  e.     
  
    settlement
  
  of dues payable by the borrower;
  f.     
  
    taking
  
  possession of secured assets in accordance with the provisions of this Act.