SARFAESI

Professional competence

Professional competence refers to the possession of the necessary knowledge, skills, and abilities to perform a job or function effectively and efficiently. In the context of the SARFAESI (Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest) Act, professional...

read more

Security Interest under SARFAESI Act

The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) is an Indian law that allows banks and other financial institutions to recover non-performing assets (NPAs) through the sale of security interests. The act provides a framework...

read more

Possession order under the SARFAESI Act

A possession order under the SARFAESI (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest) Act of 2002 in India is an order granted by the Debts Recovery Tribunal (DRT) that allows a bank to take physical possession of a property that is secured by a...

read more