The transfer contemplated under Section 5A of the SARFAESI Act, 2002 relates to:
Section 5A provides for "Transfer of pending applications to any one of Debts Recovery Tribunals", that is, recovery applications by banks and financial institutions pending…
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The transfer contemplated under Section 5A of the SARFAESI Act, 2002 relates to:
Answer and explanation
Correct answer B
Section 5A provides for "Transfer of pending applications to any one of Debts Recovery Tribunals", that is, recovery applications by banks and financial institutions pending before those Tribunals. It does not move writ petitions, criminal complaints or arbitrations.