15th May – SARFAESI Act

SARFAESI The Supreme Court recently held that the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) will be applicable to cooperative banks, and not just commercial banks. This has been whole-heartedly welcomed by co-operative banks. What is SARFAESI Act? The SARFAESI Act was passed on …

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