Chapter VI — MISCELLANEOUS

Section 32Protection of action taken in good faith

Section 32: Protection of action taken in good faith

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.

Amendment notes (1)
  1. Subs w.e.f. 1-9-2016 . 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).