Which of the following statements is correct under Section 7 of the SARFAESI Act, 2002?
Section 7 is headed "Issue of security by raising of receipts or funds by asset reconstruction company". Cancellation of registration is section 4, notice to the obligor…
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Which of the following statements is correct under Section 7 of the SARFAESI Act, 2002?
Answer and explanation
Correct answer A
Section 7 is headed "Issue of security by raising of receipts or funds by asset reconstruction company". Cancellation of registration is section 4, notice to the obligor section 6, and enforcement measures by secured creditors section 13.