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

    Question

    Which section of the Securitisation and Reconstruction of

    Financial Assets and Enforcement of Security Interest Act, 2002 deals with the enforcement of security interest?
    A Section 12 Correct Answer Incorrect Answer
    B Section 13 Correct Answer Incorrect Answer
    C Section 14 Correct Answer Incorrect Answer
    D Section 15 Correct Answer Incorrect Answer
    E Section 16 Correct Answer Incorrect Answer

    Solution

    Section 13. Enforcement of security interest.—(1) Notwithstanding anything contained in section 69 or section 69A of the Transfer of Property Act, 1882 (4 of 1882), any security interest created in favour of any secured creditor may be enforced, without the intervention of court or tribunal, by such creditor in accordance with the provisions of this Act

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