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      Question

      What is the maximum time allowed under SARFAESI Act for

      the borrower to repay dues after a demand notice is issued?
      A 15 days Correct Answer Incorrect Answer
      B 30 days Correct Answer Incorrect Answer
      C 45 days Correct Answer Incorrect Answer
      D 60 days Correct Answer Incorrect Answer
      E 90 days Correct Answer Incorrect Answer

      Solution

      SARFAESI allows 60 days after issuance of demand notice for borrowers to repay dues before further action.

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