A borrower institutes a civil suit in respect of a matter for which the Securitisation and…
A borrower instituting a civil suit over a matter for which the Act provides a statutory forum runs into SARFAESI s.34, which bars civil court jurisdiction in such matters.
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A borrower institutes a civil suit in respect of a matter for which the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 provides a statutory forum. Which provision is primarily relevant?
Answer and explanation
Correct answer B
A borrower instituting a civil suit over a matter for which the Act provides a statutory forum runs into SARFAESI s.34, which bars civil court jurisdiction in such matters.