Section 32
Protection of action taken in good faith.
About this Act
An Act to regulate securitisation and reconstruction of financial assets and enforcement of security interest and to provide for a Central database of security interests created on property rights, and for matters connected therewith or incidental thereto.
No suit, prosecution or other legal proceedings shall
lie against 1[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.
Notes
1. 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).