Question

In case the borrower fails to discharge his liability in full within the period specified in section 13(2) of SARFAESI ACT 2002, the secured creditor may take recourse to one or more of the following measures to recover his secured debt:

A Take over the management of the business of the borrower including the right to transfer by way of lease, assignment, or sale for realizing the secured asset.
B Take possession of the secured assets of the borrower including the right to transfer by way of lease, assignment, or sale for realizing the secured asset.
C Appoint any person (hereafter referred to as the manager), to manage the secured assets the possession of which has been taken over by the secured creditor.
D Only a and b are correct
E All the options are correct.
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