Which of the following statements is correct under Section 34 of the SARFAESI Act, 2002?
Section 34 is headed "Civil court not to have jurisdiction" in matters a Debts Recovery Tribunal or the Appellate Tribunal "is empowered by or under this Act to determine".…
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Which of the following statements is correct under Section 34 of the SARFAESI Act, 2002?
Answer and explanation
Correct answer B
Section 34 is headed "Civil court not to have jurisdiction" in matters a Debts Recovery Tribunal or the Appellate Tribunal "is empowered by or under this Act to determine". Limitation is section 36, the overriding effect section 35, and application of other laws section 37.