Question
Section 13(13) of the SARFAESI Act imposes a specific
restriction on the borrower after receipt of a Section 13(2) notice. What restriction does this sub-section impose?Solution
Section 13(13) imposes an important post-notice restriction: after the borrower receives the Section 13(2) demand notice, no borrower shall transfer by way of sale, lease or otherwise any of their secured assets referred to in the notice, without the prior written consent of the secured creditor. The exception is transactions in the 'ordinary course of business.' This provision prevents the borrower from alienating or dissipating the secured assets during the 60-day notice period, which would frustrate the secured creditor's enforcement rights. A transfer in violation of Section 13(13) would not be protected and the secured creditor could challenge such a transfer. This is a key provisional restriction, not an absolute bar on all business activity.
1.Today however, Giant pandasÂ
P. in some areas
Q. and a few
R. can only be found
S. of the Tibetan Plateau
6. mountain regions.
Which of the following is the sixth (last) sentence of the passage?              Â
...Which would be the second sentence after rearrangement?
Given below are four sentences in jumbled order. Pick the option that gives their correct order.
A. In arid regions of Rajasthan, almost all hous...
Given below are four jumbled sentences. Select the option that gives their correct order.
A. There he tasted the first sweet joy of liberty in th...
Which of the following is the fifth sentence of the passage?
But the most valuable thing is,
P: he will always be
Q: even if we’re apart
R: with me
Which of the following is the fourth sentence if the passage?
1. Rhinoceroses mature
P. life span of
Q. five or six,
R. at the age of
S. and have a
6. up to 50 years
Five statements are given below labelled 1), 2), 3), 4) and 5). Among these, four statements are in logical order and form a coherent paragraph/passage....
