📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      Question

      Under SARFAESI Act 2002, what is the minimum threshold

      of loan default required before a secured creditor can enforce security interest?
      A ₹10,000 Correct Answer Incorrect Answer
      B ₹1 lakh Correct Answer Incorrect Answer
      C ₹2 lakh Correct Answer Incorrect Answer
      D ₹10 lakh Correct Answer Incorrect Answer
      E No threshold; any default qualifies Correct Answer Incorrect Answer

      Solution

      For SARFAESI enforcement, the secured debt must exceed ₹1 lakh, and the account should be classified as NPA.

      Practice Next

      Relevant for Exams:

      ask-question