This edition of The Securitisation and Reconstruction of Financial Assets & Enforcement of Security Interest Act, 2002 (Act 54 of 2002), updated with all amendments including those introduced by the Finance Act, 2021 (13 of 2021) and allied rules, serves as a comprehensive and reliable legal reference for students preparing for the All India Bar Examination (AIBE), as well as professionals in banking, finance, insolvency, and debt recovery.

The book presents the bare text of the law—precisely as enacted—without commentary or interpretation, making it ideal for examination purposes, statutory compliance, and legal referencing. It covers the legislative framework governing securitisation, asset reconstruction companies, enforcement of security interests, and recovery of non-performing assets.

The content spans the full scope of the Act, including:
• The Security Interest (Enforcement) Rules, 2002
• The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003
• The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2010
• The SARFAESI (Central Registry) Rules, 2011
• The Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Rules, 2016
• The Security Interest (Enforcement) (Amendment) Rules, 2018
• Guidelines for Asset Reconstruction Companies issued by RBI
• Relevant notifications, circulars, and directions under the SARFAESI framework

This edition is particularly suitable for:
• AIBE aspirants and law students specialising in banking and insolvency law
• Lawyers and law firms engaged in debt recovery and enforcement proceedings
• Bank officials, NBFCs, and Asset Reconstruction Companies handling NPAs
• Insolvency professionals and company liquidators
• Academicians and researchers in the field of financial law

With the latest amendments and comprehensive coverage of subsidiary rules, this 2025 edition ensures a complete and up-to-date statutory reference for the enforcement of security interests and financial asset reconstruction in India.