SARFAESI ACT, 2002- Applicability, Objectives
What is SARFAESI ACT? Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, is also known as SARFAESI, Act. It is a law which allows banks and financial institutions to auction residential or commercial properties to recover their unpaid loan. Narasimham Committee I and II and Andhyarujina committee were formed to examine …
