Section 32 of Sarfaesi Act - Protection of action taken in good faith

Section 32 of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 : Protection of action taken in good faith

No suit, prosecution or other legal proceedings shall lie against *[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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*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)

Section 27 Penalties

Section 29 Offences, Section 30 Cognizance of offences

Section 30A Power of adjudicating authority to impose penalty

Section 30B Appeal against penalties, Section 30C Appellate Authority

Section 30D Recovery of penalties

Section 31 Provisions of this Act not to apply in certain cases

Section 31A Power to exempt a class or classes of banks or financial institutions

Section 32 Protection of action taken in good faith

Section 33 Offences by companies

Section 34 Civil court not to have jurisdiction, Section 35 The provisions of this Act to override other laws

Section Limitation, Section 37 Application of other laws not barred

Section 38 Power of Central Government to make rules

Section 39 Certain provisions of this Act to apply after Central Registry is set up or cause to be set up, Section 40 Power to remove difficulties, Section 41 Amendments to certain enactments, Section 42 Repeal and saving