Can the borrower have any say in the transfer of NPLs to ARCs?

ARCs borrower npls transfer
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Can the borrower have any say in the transfer of NPLs to ARCs?

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A. Under the Securtisation Act, 2002 an ARC can acquire the NPLs from any bank or FI in India. The borrower, pertaining to whom the NPLs is acquired by an ARC cannot oppose this move of the banks / FIs. However, the banks / FIs, if considered appropriate, may give a notice of sale / transfer of NPLs to the concerned borrower.

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