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

The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act), was enacted to address the challenges faced by financial institutions in recovering secured debts. By empowering banks and financial institutions to take possession of secured assets without initial court intervention, the Act ha

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