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?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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Marked price of an article is Rs.1200 more than the cost price. When the same article is sold at a discount of Rs.200, the profit percent earned is 25%....