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Nagaland: SARFAESI Act introduced, state to protect indigenous lands

Kohima: The Nagaland Legislative Assembly, on Thursday, introduced a resolution on the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act, 2002) during the ongoing assembly session in Kohima. While the SARFAESI Act empowers banks and financing institutions to take possession of the mortgaged assets in repayment of loan […]