Question
Under the SARFAESI Act a who can enforce the security
interest created in his favour without the intervention of the Court or Tribunal?Solution
Under the SARFAESI Act a secured creditor can enforce the security interest created in his favour without the intervention of the Court or Tribunal. This power given to the secured creditor, has an overriding effect over the provisions related to mortgage in the Transfer of Property Act, 1882, as in that Act Court intervention is required.
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