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SARFAESI

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest

Governmental » Law & Legal
What does SARFAESI mean?
The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI) empowers Banks and Financial Institutions to recover their Non-Performing Asset (when borrowers fail to repay their loans), without the intervention of the Court.
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India SARFAESI Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest