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Under Which Act Can Action Be Taken Against Wilful Defaulters of Banking Loans? -

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Question

Under which Act can action be taken against wilful defaulters of banking loans?

Options

  • Under Section 420 of IPC

  • SEBI Act

  • Banking Regulation Act

  • Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI Act)

MCQ

Solution

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI Act)

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