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    Question

    A corporate borrower has an NPA loan of ₹12 lakh

    overdue for 45 days. Can the bank initiate SARFAESI?
    A Yes, as loan ≥ ₹10 lakh Correct Answer Incorrect Answer
    B No, until NPA is 90 days Correct Answer Incorrect Answer
    C Yes, after 45 days overdue Correct Answer Incorrect Answer
    D No, only if overdue > ₹15 lakh Correct Answer Incorrect Answer
    E Yes immediately Correct Answer Incorrect Answer

    Solution

    Under SARFAESI, creditor action allowed once loan is NPA (90 days overdue) and secured. Overdue 45 days not yet NPA, so cannot initiate enforcement.

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