SARFAESI ACT 2002
Introduction SARFAESI ACT STANDS FOR “Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act”. Main aim of this act was to increase the capability of banks and non-banking organisations to liquidize the loan securities in case of non-repayment of loans. The act does so by two major steps , first, minimising the … Continue reading SARFAESI ACT 2002
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