The Securitization And Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002, was introduced to address inefficiencies in the debt recovery process for financial institutions in India. The Act aims to regulate the securitization and reconstruction of financial assets, enforce security interests, and establish a centralized database https://letsbookmarkit.com/story18684806/sarfaesi-act-2002-simplifying-debt-recovery-for-financial-institutions