Summary
- The article delves into the valuation of agricultural land under the SARFAESI Act, 2002, highlighting the evolution of specialist valuer registers from estate duty to current practices.
- It identifies gaps in the company-law valuation regime, emphasizing the need for qualified professionals to assess agricultural and plantation assets accurately.
- The Supreme Court's insistence on good faith in securing maximum value for assets underscores the importance of competent valuation in enforcement scenarios.
- Proposed reforms aim to align existing regulations with asset-specific qualifications, ensuring that land valuations reflect true agricultural worth and protect borrower rights.
Join the discussion ā sign up to comment, upvote, and save articles.