Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 · Chapter VI: Miscellaneous
Section 32: 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.
Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 14 October 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.
Supreme Court judgments citing the section 32
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Anil Khandelwal Etc. v. Phoenix India and Anr.
Whether the High Court erred in rejecting the quashing petition filed by the appellants-Officers of the Bank challenging the order passed by the Magistrate issuing process against them for the offences punishable…
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Sivakumar v. The Inspector of Police & Anr.
Issue arose as regards the correctness of the order passed by the High Court dismissing appellant’s petition u/s.482 CrPC seeking quashing of chargesheet against him.
- K. Virupaksha & Anr. v. The State of Karnataka & Anr.
- Mrs. Priyankasrivastavaandanother v. State of U.P.And Others