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Section 32 of The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 View Chapter 6

Protection of action taken in good faith.

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.

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Footnote :

  1. Subs. by Act 44 of 2016, s. 24, for "any secured creditor or any of his officers or manager exercising any of the rights of the secured creditor or borrower" (w.e.f. 1-9-2016).

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