Multiple choice

If the provisions of Transfer of Property Act and SARFAESI Act relating to an immovable property are different,

  1. provisions of Transfer of Property Act would prevail

  2. provisions of SARFAESI Act would prevail

  3. provisions of Transfer of Property Act or SARFAESI Act would prevail at the discretion of the creditor

  4. provisions of Transfer of Property Act or SARFAESI Act would prevail at the discretion of the debtor
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The provisions of the SARFAESI Act will prevail in case of any conflict and inconsistency of any provision therein with any provisions of the Transfer of Property Act and the CPC. Thus, option 2 is the correct answer.

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