Under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest…
A creditor complying with the requirement to register a newly created security interest does so under SARFAESI s.26B, which provides for registration by secured creditors…
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Under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, a creditor seeks to comply with the statutory requirement regarding registration after creation of a security interest. Which provision primarily governs such registration?
Answer and explanation
Correct answer B
A creditor complying with the requirement to register a newly created security interest does so under SARFAESI s.26B, which provides for registration by secured creditors and other creditors.