Sarfaesi Act

– Sarfaesi Act, 2002

-Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest

-this law is applicable only on secured loans

-it allows banks & other financial institutions to auction residential & commercial properties to recover loan

-Act was passed to recover NPA’s from secured loan defaulters by taking possession over the collateral without the intervention of the Court or Tribunal

》Unsecured loans

-loans below 1 L

-or remaining debt is less than 20% of the original principal

With Great Love,

Er. Amit Yadav

Life is easy..!


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