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.
Reference
1. Substituted by Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016, (w.e.f. 01.09.2016 vide N. No. S.O. 2831(E) dated 01.09.2016), for the words “any secured creditor or any of his officers or manager exercising any of the rights of the secured creditor or borrower”.
Access complete Bare Act here. To research Section and sub-section wise judgments, visit here.
Follow for daily updates: