SARFAESI & Debts Recovery Law Manual is a comprehensive, practice-first reference that consolidates the legal and procedural framework for secured-creditor enforcement and tribunal-based debt recovery in India.
The Manual covers two principal recovery regimes:
- The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI) – covering enforcement of security interest, possession and sale of secured assets, securitisation, asset reconstruction, and the Central Registry (CERSAI) ecosystem.
- The Recovery of Debts and Bankruptcy Act, 1993 (RDBA) – covering Debt Recovery Tribunals (DRTs), Debt Recovery Appellate Tribunals (DRATs), original applications, appellate practice, recovery execution, and related delegated legislation.
The Manual is organised as a two-book law manual:
- Book One – SARFAESI
- Book Two – RDBA
Each book follows a structured pattern:
- Practical Guide
- Statutory Text with Arrangement and Index
- Rules with Formats and Fees
- Circulars, Directions, Notifications and Orders
- Case-Law Digest
This Manual is useful for:
- Banks, Financial Institutions and NBFCs
- Asset Reconstruction Companies (ARCs) and Professionals
- Advocates and Law Firms
- Authorised Officers and Recovery Personnel
- Users of the DRT and DRAT ecosystem
The Present Publication is the 2026 Edition, amended up to 10th December 2025, and edited by Taxmann's Editorial Board.
Key Features:
- Two-book Structure – Separate coverage of SARFAESI and RDBA with guides, Acts, Rules, Notifications and Case-law Digests.
- Substantive Guide – Practice-oriented chapters explaining enforcement architecture, remedies and tribunal procedures.
- Rules and Filing Formats – Includes procedural rules, possession documentation, sale and auction formats, tribunal filing formats and fee mechanisms.
- Central Registry (CERSAI) Support – Covers SARFAESI Central Registry Rules, 2011 and related registration requirements.
- RBI and Government Instruments – Consolidates relevant directions, circulars, notifications and compliance requirements.
- Dedicated Case-law Digests – Separate case-law digests under SARFAESI and RDBA for quick legal reference.
Coverage of the Book:
Book One – SARFAESI Act, 2002
- Division One – Guide to SARFAESI Act, 2002
- Overview of the SARFAESI Act
- Enforcement of Security Interest
- Procedure for Sale of Assets
- Applications, Appeals and Penalties
- Securitisation and Asset Reconstruction Companies
- Registration of Transactions under SARFAESI
- Division Two – SARFAESI Act, 2002
- Complete updated text of the Act
- Arrangement of Sections
- Subject Index
- Division Three – Rules
- Security Interest (Enforcement) Rules, 2002
- SARFAESI (Central Registry) Rules, 2011
- Relevant provisions of the Tribunals Reforms Act, 2021
- Division Four – Circulars, Directions, Notifications and Orders
- Key RBI Directions
- Government Notifications
- ARC-focused Directions
- Removal of Difficulty Orders
- Disclosure requirements relating to secured assets possessed
- Division Five – Case Laws Digest under SARFAESI Act
- Important judicial decisions for enforcement and litigation support
Book Two – Recovery of Debts and Bankruptcy Act, 1993
- Division Six – Guide to RDBA
- Filing of Original Applications
- DRT Procedure
- DRAT Appeals
- Recovery after Orders
- Tribunal Powers
- Limitation
- RBI Directions on Stressed Assets
- Division Seven – Recovery of Debts and Bankruptcy Act, 1993
- Complete text of the Act
- Arrangement of Sections
- Subject Index
- Division Eight – Rules
- Procedural and Administrative Rules governing DRT and DRAT proceedings
- Electronic Filing Rules, 2020
- Division Nine – Notifications
- Relevant Government Notifications issued under the Recovery of Debts and Bankruptcy Act
- Division Ten – Case Laws Digest under RDBA
- Case-law reference for tribunal practice and appellate work
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