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Sec 32, SARFAESI Act 2002: Protection Of Action Taken In Good Faith

Section 32 (Protection of action taken in good faith) under Chapter VI (Miscellaneous) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 —

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.

Extra Notes for Readers

(1) Section 32 of SARFAESI Act, 2002 was modified by the Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016 (Act 44 of 2016), sec. 24, (w.e.f. 1-Sep-2016).

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