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    Question

    Under the SARFAESI Act, if a borrower defaults and fails

    to repay after notice, what is the maximum imprisonment prescribed for obstructing asset recovery?
    A 6 months Correct Answer Incorrect Answer
    B 1 year Correct Answer Incorrect Answer
    C 2 years Correct Answer Incorrect Answer
    D 3 years Correct Answer Incorrect Answer
    E 5 years Correct Answer Incorrect Answer

    Solution

    Obstruction or violation under SARFAESI can result in up to 2 years imprisonment and/or fine up to ₹1 lakh.

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