📘 The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 | Commercial Law Publishers | Edition 2026

✍️ Publisher: Commercial Law Publishers
🏢 Publication House: Commercial Law Publishers (India) Pvt. Ltd.
📚 Category: Bare Act | Banking Law | Financial & Recovery Law

🛒 Featured Book

🔎 Preparing for judiciary, AIBE, or understanding banking and recovery laws?
The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (Edition 2026)—commonly known as the SARFAESI Act—by Commercial Law Publishers is a comprehensive and updated bare act governing recovery of secured debts by banks and financial institutions in India.

This book provides the complete statutory framework enabling secured creditors to enforce their security interests without court intervention, making it highly significant for exams and legal practice.

📖 What This Book Covers

🔹 Core Framework of SARFAESI Law

• Enforcement of security interest by banks and financial institutions
• Legal mechanism for recovery of non-performing assets (NPAs)
• Role of secured creditors and borrowers

🔹 Securitisation & Asset Reconstruction

• Securitisation of financial assets
• Functions of Asset Reconstruction Companies (ARCs)
• Transfer and management of stressed assets

🔹 Enforcement Powers of Banks

• Taking possession of secured assets
• Sale, lease, or assignment of assets
• Recovery without court intervention (key feature)

🔹 Adjudication & Remedies

• Appeals before Debt Recovery Tribunal (DRT)
• Further appeal to Appellate Tribunal (DRAT)
• Rights and remedies of borrowers

🔹 Regulatory Framework

• Registration and regulation of ARCs
• Role of the Reserve Bank of India (RBI)
• Compliance and supervisory mechanisms

🔹 Latest Amendments & Updates

• Incorporates recent amendments and notifications
• Updated as per current banking and financial laws (2026)

📖 Key Features of the Book

🔹 Updated Edition 2026
🔹 Bare act with structured and section-wise format
🔹 Covers complete SARFAESI framework
🔹 Easy-to-read and exam-friendly layout
🔹 Useful for both academic and professional reference
🔹 Trusted publication for statutory accuracy

🎯 Ideal For

⚖️ Judiciary Aspirants (PCS-J, HJS, APO)
🎓 Law Students (LL.B. & LL.M.)
📚 AIBE Aspirants
🏦 Banking & Finance Law Students
💼 Advocates dealing with banking and recovery cases
📊 Professionals in banking and financial institutions

⭐ Why This Book is Highly Recommended

✔️ Covers a crucial area of banking and financial law
✔️ Essential for understanding debt recovery mechanisms
✔️ Helps in both objective and descriptive exams
✔️ Useful for practical application in banking litigation
✔️ Includes updated provisions and regulatory framework
✔️ Reliable and authoritative bare act

🚨 Exam Strategy Insight

SARFAESI Act is often tested in conceptual and application-based questions. Focus on:

• Section 13 (Enforcement of security interest)
• Powers of secured creditors
• Role of DRT and appellate mechanisms
• Functions of Asset Reconstruction Companies

👉 Pro Tip:

• Link this Act with banking laws and insolvency framework
• Make notes on important sections and procedures
• Revise regularly for retention

⭐ Final Recommendation (Deep Insight)

If you want to build expertise in banking law and financial recovery systems, this bare act is a must-have resource. It enhances legal clarity, practical understanding, and exam readiness, which are crucial for judiciary, AIBE, and professional practice.

👉 Best way to use:

• Study section-wise with focus on procedure
• Highlight key provisions and enforcement powers
• Practice application-based questions
• Revise frequently

Consistent use of this book will help you develop strong conceptual clarity, analytical skills, and confidence, ensuring success in exams and effectiveness in legal practice.