The Preamble of the SARFAESI Act, 2002 also extends the scope of the Act to:
The residual phrase extends the stated securitisation, reconstruction, enforcement and central-database objects to connected or incidental matters. It is not a general…
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The Preamble of the SARFAESI Act, 2002 also extends the scope of the Act to:
Answer and explanation
Correct answer A
The residual phrase extends the stated securitisation, reconstruction, enforcement and central-database objects to connected or incidental matters. It is not a general corporate-insolvency or banking-amalgamation statute, although it contains enforcement and penalty provisions of its own.