Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security…
Section 14 provides the specified Magistrate's assistance in obtaining possession or control of secured assets. It does not give every class of Magistrate the same statutory…
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Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 deals with:
Answer and explanation
Correct answer B
Section 14 provides the specified Magistrate's assistance in obtaining possession or control of secured assets. It does not give every class of Magistrate the same statutory role. Sections 15, 17 and 16 separately address management takeover, remedies and compensation for lost office.