Section 32: Protection of action taken in good faith

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Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act, 2002)

CHAPTER-VI

Miscellaneous

Section 32: Protection of action taken in good faith

32. No suit, prosecution or other legal proceedings shall lie against 1[the Reserve Bank or the Central Registry or any secured creditor or any of its officers] for anything done or omitted to be done in good faith under this Act.


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Amendments:

1. Substituted by Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016, for “any secured creditor or any of his officers or manager exercising any of the rights of the secured creditor or borrower” (w.e.f. 1-9-2016).

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