Multiple choice

When sake of security is made by the creditor under SARFAESI Act, the sale proceeds are to be utilized

(a) first towards costs incidental to preservation and protection of security (b) for dues of the secured creditor (c) surplus to person entitled thereto in accordance with the rights and interests

  1. (a) to (c) all correct

  2. Only (a) and (b) correct

  3. Only (b) and (c) correct

  4. Only (a) and (c) correct

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Correct Answer: (a) to (c) all correct