Which of the following statements is correct under Section 5A of the SARFAESI Act, 2002?
Section 5A is headed "Transfer of pending applications to any one of Debts Recovery Tribunals in certain cases". Registration and its cancellation are sections 3 and 4, and…
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Which of the following statements is correct under Section 5A of the SARFAESI Act, 2002?
Answer and explanation
Correct answer B
Section 5A is headed "Transfer of pending applications to any one of Debts Recovery Tribunals in certain cases". Registration and its cancellation are sections 3 and 4, and issue of security receipts is section 7.