The Government is scheduled to move in the lok Sabha Monday an amended bill to strengthen the debt recovery laws with an objective to improve the ease of doing business in the country.
Introduced in the lok Sabha in May, the bill seeks to amend four legislations -- Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act, 2002, the Recovery of Debts due to Banks and Financial Institutions Act, 1993, the Indian Stamp Act, 1899 and the Depositories Act, 1996.