Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
VI — MISCELLANEOUS · Section 42

Repeal and saving

Synced on 03 Sept 2026Text as per India Code

(1) The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Second) Ordinance, 2002 (Ord. 3 of 2002) is hereby repealed.

(2) Notwithstanding such repeal, anything done or any action taken under the said Ordinance shall be deemed to have been done or taken under the corresponding provisions of this Act.

Judgments on Section 42