The principal statutory object of Section 26D of the SARFAESI Act, 2002 is:
Section 26D is headed "Right of enforcement of securities"; a secured creditor may exercise the enforcement rights under Chapter III only if the security interest has been…
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The principal statutory object of Section 26D of the SARFAESI Act, 2002 is:
Answer and explanation
Correct answer A
Section 26D is headed "Right of enforcement of securities"; a secured creditor may exercise the enforcement rights under Chapter III only if the security interest has been registered with the Central Registry. Registration by creditors is section 26B, reporting satisfaction section 25, and rectification section 26A.