Question

Section 37 of the SARFAESI Act contains a savings clause. What does Section 37 provide?

A The provisions of this Act shall have effect to the exclusion of all other laws
B The provisions of this Act shall be in addition to, and not in derogation of, the provisions of other laws relating to enforcement of security interests
C Courts are barred from applying other laws where SARFAESI applies
D The IBC, 2016 shall yield to SARFAESI in all insolvency situations
E The Transfer of Property Act shall not apply to any SARFAESI proceeding
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