Question

Section 34 of the SARFAESI Act contains an ouster clause. What does Section 34 provide?

A No civil court shall have jurisdiction to entertain any suit in respect of any matter empowered to be determined by the DRT or Appellate Tribunal under the Act
B No criminal court shall take cognizance of offences under this Act
C The Act shall have no application to proceedings already pending before civil courts
D The District Court shall have exclusive jurisdiction over all securitisation disputes
E Borrowers cannot challenge enforcement actions before any authority
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