The Supreme Court of India has ruled that a banking company governed by the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) is entitled to take recourse to its provisions to recover a secured debt acquired or assigned from a non-banking financial company (NBFC), even if that NBFC
Bank Can Invoke SARFAESI Act To Recover Debt Assigned By NBFC Not Originally Governed By The Act: Supreme Court
