Contents I. INTRODUCION; II. CONCEPT OF SECURIISATION; o An Overview of Securitization; o Structuring and Legal Issues of Asset Securitization in the US; III SECURITISATION IN INDIA: BASIC CONCEPT AND PROCESS; o Essential Features of Securitisation; o Parties to Securitisation; o Process of Securitization; o Types of Securities; o Advantages of Securitisation; o Risk of Securitisation; IV. CONSTITUTIONALITY OF THE SARFAESI ACT; V. SECURITISATION OF NPAs; o Process of Securitisation under SARFAESI Act; VI. ENFORCEMENT OF SECURITY INTEREST; o Procedure for Enforcement of Security Interest; VII. CONCLUSION; o Issues and Suggestion; BIBILIOGRAPHY.