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CHAPTER VI MISCELLANEOUS

Section 32: Protection of action taken in good faith

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.

Footnotes in the official text

  1. 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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