Category: Legal
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
The SARFAESI Act gives banks and notified financial institutions the legal authority to enforce security interest over secured assets without court intervention, provided statutory notices are served. It is the framework under which most bank auction property in India is sold.
Need broader context? Read our pillar guides for in-depth coverage of SARFAESI, DRT, NCLT, EMD, title due diligence, and financing.
