New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Under the SARFAESI Act, which forum primarily handles

    matters related to enforcement of security interest?
    A High Court Correct Answer Incorrect Answer
    B District Court Correct Answer Incorrect Answer
    C Supreme Court Correct Answer Incorrect Answer
    D Consumer Court Correct Answer Incorrect Answer
    E Debt Recovery Tribunal Correct Answer Incorrect Answer

    Solution

    Section 17 Application against measures to recover secured debts—(1) Any person (including borrower), aggrieved by any of the measures referred to in sub-section (4) of section 13 taken by the secured creditor or his authorised officer under this Chapter, may make an application along with such fee, as may be prescribed, to the Debts Recovery Tribunal having jurisdiction in the matter within fortyfive days from the date on which such measure had been taken: Provided that different fees may be prescribed for making the application by the borrower and the person other than the borrower

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