The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, enacted in 2002, stands as a cornerstone of India’s financial legislation
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SARFAESI
The SARFAESI (Securitization and Reconstruction of Financial Assets and Enforcement of Securities Interest) Act, 2002, was designed to tackle the issue of NPAs (Non-Performing Assets) or bad assets.
