A person becomes liable to a penalty under the Securitisation and Reconstruction of Financial Assets…
A person becoming liable to a penalty under the Act is dealt with under SARFAESI s.30A, which empowers the Adjudicating Authority to impose such penalty.
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A person becomes liable to a penalty under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. Which provision empowers the competent authority to impose such penalty?
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Correct answer B
A person becoming liable to a penalty under the Act is dealt with under SARFAESI s.30A, which empowers the Adjudicating Authority to impose such penalty.