This edition of The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (Act 54 of 2002), updated with amendments introduced by the Finance Act, 2021 and subsequent notifications, presents an authoritative and up-to-date bare act reference for students, legal professionals, bankers, and practitioners dealing with banking and financial laws. The text reflects the law as amended up to the latest changes applicable for 2026, ensuring full statutory accuracy and contemporary relevance.

The book reproduces the bare text of the Act as enacted by Parliament, with short comments where indicated, making it suitable for examination use as well as practical legal and professional reference. It is designed to provide clarity and precision without extensive interpretation, preserving the original legislative language for dependable consultation.

Along with the principal Act, this edition includes all important allied rules, regulations, and orders essential for the effective understanding and application of the SARFAESI framework, including:
• The Security Interest (Enforcement) Rules, 2002 (as amended)
• The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Rules and related regulations
• Provisions relating to Asset Reconstruction Companies (ARCs)
• Relevant rules concerning Debts Recovery Tribunals (DRTs) and Appellate Tribunals
• Latest procedural rules, forms, and notifications connected with enforcement and recovery mechanisms

The content comprehensively covers securitisation of financial assets, enforcement of security interests without court intervention, recovery of non-performing assets, powers of secured creditors, borrower rights and obligations, appellate remedies, penalties, and procedural safeguards.

This edition is particularly suitable for:
• Advocates and litigators practicing before DRTs and appellate forums
• Banking professionals, insolvency practitioners, and compliance officers
• Academicians and researchers in commercial and financial law

Whether used for academic study, professional practice, or regulatory compliance, this updated 2026 edition delivers a reliable and current legislative text of the SARFAESI Act, 2002, along with its essential allied provisions.