Before enforcement of security interest (sale of security), the creditor, to show his intention to take possession, is required to obtain possession of the security by giving a

Keep practicing — related questions

• If the borrower does not pay within ____________ days after notice by the secured creditor, the creditor ca...
• The authorised officer shall serve to the borrower a notice of _______ days for sale of the immovable secur...
• Banks can issue notice for enforcement of security interest under SARFAESI Act when
• If a security is in possession of a bank, it can be sold by the bank
• When sake of security is made by the creditor under SARFAESI Act, the sale proceeds are to be utilized (a) ...
• On sale of security asset, the sale proceeds are appropriated firstly towards
• A security interest created under SARFAESI Act requiring registration with Central Registry with a period of
• Charge means which of the following? (i) Interest (ii) Right which a lender obtains (iii) Right which a cre...