Which provision of the Securitisation and Reconstruction of Financial Assets and Enforcement of…
The legal consequences of repeal, while preserving specified rights, liabilities or actions taken under the earlier law, are governed by SARFAESI s.42, titled Repeal and…
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Which provision of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 governs the legal consequences of repeal while preserving specified rights, liabilities or actions under that Act?
Answer and explanation
Correct answer C
The legal consequences of repeal, while preserving specified rights, liabilities or actions taken under the earlier law, are governed by SARFAESI s.42, titled Repeal and saving.