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.
Section 32: Protection of action taken in good faith.
The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002Central Act · Act 54 of 2002
Where this provision sits
| Act | The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 |
|---|---|
| Section | 32 |
| Marginal note | Protection of action taken in good faith. |
| Jurisdiction | Central |
| Status | In force as published by the source |
| Judgments citing it | 2 |
How this provision has been amended
Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.
- substituted, Act 44 of 2016. . 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).
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