The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002, was introduced to address inefficiencies in the debt recovery process for financial institutions in India. The Act aims to regulate the securitization and reconstruction of financial assets, enforce security interests, and establish
The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act), was introduced to empower banks and financial institutions with a streamlined process to recover secured debts. By enabling lenders to enforce their security interests without requiring initial court intervention, the Act has bee
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