The statutory effect of Section 37 of the SARFAESI Act, 2002 is:
The statutory effect of SARFAESI s.37 is that other applicable laws are not barred merely because the Act also applies, not that the Act repeals all such laws or restores…
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The statutory effect of Section 37 of the SARFAESI Act, 2002 is:
Answer and explanation
Correct answer A
The statutory effect of SARFAESI s.37 is that other applicable laws are not barred merely because the Act also applies, not that the Act repeals all such laws or restores Civil Court jurisdiction generally.