Table of Contents Declaration; Certificate; Acknowledgements; Table of Statues; 1. Introduction; 1.1 Importance of dealing with the subject; 1.2 Hypothesis; 1.3 Scope of the paper; 1.4 Research questions; 1.5 Research methodology; 1.6 Method of citation; 1.7 Abstract of paper; 2. What is Security Interest; 2.1 Concept of security interest; 2.2 Purpose of security interest; 2.3 Classification of security; 2.4 Main considerations in security interest; 2.5 Assets which can be secured; 2.6 Alternatives for creation of security interest; 3. Creation of security interest in various classes of assets; 3.1 General; 3.2 Fixed and Floating Charges; 3.3 Immovable property; 3.4 Movable property; 3.5 Investment securities; 3.6 Account receivables contract debts; 3.7 Intellectual property; 4. Perfection of security interest; 4.1 Registration of charges under the Companies Act, 1956; 4.2 Registrations of mortgages; 4.3 Intellectual property rights; 5. Enforcement of security interest; 5.1 Receiver; 5.2 Suit under the Code of Civil Procedure; 5.3 Private sale of mortgaged property; 5.4 Enforcement in case of pledged property; 5.5 Special provisions under certain enactments; 5.6 Rehabilitation process; 5.7 Insolvency and winding up issues; 5.8 Other priority issues; 6. Analysis, Conclusions and suggestions; Select Bibliography.