Banking Laws
The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
Introduction: In a nutshell, the purpose of this act is to protect the bank or any financial institution from any wrongful loss by the borrower. The Securities and reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) came in to force on 17th December 2002. The Read more…