Chapter I Section: 1 and 2
Preliminary - This chapter provides the short title, extent, and commencement of the Act, along with definitions of the various terms used in the Act.
Chapter II Section : 3-12B
Securitization and Reconstruction of Financial Assets - This chapter deals with the securitization and reconstruction of financial assets by asset reconstruction companies (ARCs).
Chapter 3 Section: 13-19
Enforcement of Security Interest - This chapter deals with the enforcement of security interest by banks and financial institutions and the procedure for taking possession of and selling secured assets.
Chapter IV Section: 20-26A
Central Registry - This chapter deals with the Formulation of CERSAI
Chapter IVA Section: 26B - 26A
Registration by secured creditors and other creditors
Chapter V Section: 27-30D
Offences and Penalties
Chapter VI Section: 31-42
MISCELLANEOUS.
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Greater Noida Authority is scheduled to launch an e-auction of group home plots in June.
Govind Kumar Sharma & Anr vs Bank of Baroda & Ors: A Case Study in Procedural Compliance below SARFAESI Act
The defaulter is unable to initiate criminal proceedings to halt SARFAESI proceedings on issues that can only be determined through DRT: Allahabad HC
After the civil court dismissed the recovery plea, the bank is unable to proceed against the borrower in accordance with SARFAESI: HC
Sebi to Sell Properties of Rose Valley Gathering on May
Bank Auction Properties – Need to Know About Recent Changes in the SARFAESI Act
Encumbrance Certificate Complete Details
DDA Offers 15-25% Discounts on Flats in Important Locations
PMC Initiates Auction for 32 Properties Over Tax Defaults
Pune Municipal Corporation Takes Action Against Tax Defaulters