The principal object of Section 34 of the SARFAESI Act, 2002 is:
Section 34 states that no civil court shall entertain any suit or proceeding in respect of any matter which a Debts Recovery Tribunal or the Appellate Tribunal "is empowered…
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The principal object of Section 34 of the SARFAESI Act, 2002 is:
Answer and explanation
Correct answer B
Section 34 states that no civil court shall entertain any suit or proceeding in respect of any matter which a Debts Recovery Tribunal or the Appellate Tribunal "is empowered by or under this Act to determine", and no injunction shall be granted. Limitation is section 36 and the overriding effect section 35.