The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002

The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) is a landmark legislation enacted to empower banks and financial institutions to recover non-performing assets (NPAs) swiftly and effectively. This book provides an authoritative and structured presentation of the Act along with relevant rules, amendments, and statutory provisions governing securitisation and security enforcement in India.

The Act introduces a comprehensive legal framework for the securitisation of financial assets, establishment and functioning of Asset Reconstruction Companies (ARCs), and enforcement of security interest without the need for lengthy judicial proceedings. It plays a crucial role in strengthening the banking sector, improving credit discipline, and ensuring financial stability.

This book is designed for ease of reference and practical application, making it invaluable for legal practitioners, bankers, compliance professionals, and students. Its clear arrangement enables quick understanding of borrower-lender rights, procedural safeguards, and regulatory compliance requirements. Whether used for litigation support, advisory work, academic study, or banking operations, this publication remains an indispensable resource in India’s financial and commercial law landscape.