LawgistThe Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act
32Protection of action taken in good faith
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.
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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).
MISCELLANEOUS
- 31 Provisions of this Act not to apply in certain cases
- 31A Power to exempt a class or classes of banks or financial institutions
- 32 Protection of action taken in good faith
- 33 Offences by companies
- 34 Civil court not to have jurisdiction
- 35 The provisions of this Act to override other laws
- 36 Limitation
- 37 Application of other laws not barred
- 38 Power of Central Government to make rules
- 39 Certain provisions of this Act to apply after Central Registry is set up or cause to be set up
- 40 Power to remove difficulties
- 41 Amendments to certain enactments
- 42 Repeal and saving
