The Securitization And Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act), was enacted to address the challenges faced by financial institutions in recovering secured debts. By empowering banks and financial institutions to take possession of secured assets without initial court intervention, the Act has revolutionized https://socialicus.com/story4128450/the-sarfaesi-act-2002-transforming-debt-recovery-in-india