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    Question

    Which of the following is a key feature of the SARFAESI

    Act?
    A Mandatory court intervention for asset seizure Correct Answer Incorrect Answer
    B Allows seizure of secured assets without court intervention Correct Answer Incorrect Answer
    C Applicable only to agricultural loans Correct Answer Incorrect Answer
    D Replaces all civil suits in NCLT Correct Answer Incorrect Answer
    E Only applicable to NBFCs Correct Answer Incorrect Answer

    Solution

    SARFAESI empowers banks to seize secured assets of defaulting borrowers without court approval, enabling faster recovery.

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