Securitisation And Reconstruction of Financial Assets And Enforcement of Security Interest Act, 2002
Section - 31 - Provisions of this Act not to apply in certain cases
CHAPTER VI
MISCELLANEOUS
Provisions of this Act not to apply in certain cases.
31. The provisions of this Act shall not apply to-
| (a) | - | a lien on any goods, money or security given by or under the Indian Contract Act, 1872 (9 of 1872) or the Sale of Goods Act, 1930 (3 of 1930) or any other law for the time being in force; |
| (b) | - | a pledge of movables within the meaning of section 172 of the Indian Contract Act, 1872 (9 of 1872); |
| (c) | - | creation of any security in any aircraft as defined in clause (1) of section 2 of the Aircraft Act, 1934 (24 of 1934); |
| (d) | - | creation of security interest in any vessel as defined in clause (55) of section 3 of the Merchant Shipping Act, 1958 (44 of 1958); |
| (e) | .... To read the full section download the app from Google Play store
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