Section 32 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security…
Section 32 is headed "Protection of action taken in good faith": no suit, prosecution or other legal proceeding lies against a secured creditor or its officers for anything…
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Section 32 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 deals with:
Answer and explanation
Correct answer B
Section 32 is headed "Protection of action taken in good faith": no suit, prosecution or other legal proceeding lies against a secured creditor or its officers for anything "done or omitted to be done in good faith" under the Act. The bar on civil courts is section 34, the overriding effect section 35, and application of other laws section 37.