THE SARFAESI ACT, 2002: TRANSFORMING DEBT RECOVERY IN INDIA

The SARFAESI Act, 2002: Transforming Debt Recovery in India

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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