Which of the following statements is correct under Section 26B of the SARFAESI Act, 2002?
Section 26B is headed "Registration by secured creditors and other creditors". The effect of registration is section 26C, the right of enforcement of securities section 26D,…
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Which of the following statements is correct under Section 26B of the SARFAESI Act, 2002?
Answer and explanation
Correct answer A
Section 26B is headed "Registration by secured creditors and other creditors". The effect of registration is section 26C, the right of enforcement of securities section 26D, and priority of secured creditors section 26E.