Multiple choice

When a person wants to file a case under SARFAESI Act, it will approach _______ and for appeal, it will go to

  1. District Court, High Court

  2. High Court, Supreme Court

  3. Debt Recovery Tribunal, Debt Recovery Appellate Tribunal

  4. Debt Recovery Tribunal, High Court
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Borrower may have to inevitably file an appeal before the Debt Recovery Tribunal (DRT) and Debts Recovery Appellate Tribunal (DRAT) under Section 17 of SARFAESI Act, 2002. Thus, option (3) is the correct answer.

Keep practicing — related questions