law: Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
  31. Provisions of
  
  this Act not to apply in certain cases.- 
  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.     
  
    any
  
  conditional sale, hire-purchase or lease or any other contract in which no
  
  security interest has been created;
  f.     
  
    any
  
  rights of unpaid seller under section 47 of the Sale of Goods Act, 1930 (3 of
  
  1930)
  g.    
  
    any
  
  properties not liable to attachment or sale under the first proviso to
  
  sub-section (1) of section 60 of the Code of Civil Procedure, 1908 (5 of 1908)
  h.     
  
    any
  
  security interest for securing repayment of any financial asset not exceeding
  
  one lakh rupees;
  i.      
  
    any
  
  security interest created in agricultural land;
  j.      
  
    any
  
  case in which the amount due is less than twenty per cent. of the principal
  
  amount and interest thereon.