alleryStart learning →Section 14(1)(c) stops enforcement of security under which 2002 Act?
AThe Arbitration Act
BThe Contract Act
CThe SARFAESI Act
DSale of Goods Act
Answer & Solution
Correct answer: C. The SARFAESI Act
Section 14(1)(c) bars foreclosure or enforcement of security interest, including action under the Securitisation Act, 2002.
Keep practising Corporate Insolvency Resolution Process under the IBC
Browse all Corporate Insolvency Resolution Process under the IBC questions for CA Final, or explore more Law topics.
Related questions
Which Code term means non-payment of debt that has become due and payable?The initiation date in section 5(11) is the day an application is what?How long is the insolvency resolution process period defined in section 5(14)?The insolvency commencement date is the date of what?The Centre may raise the minimum default under section 4 to at most how much?Besides the order, NCLT must issue what on liquidation under section 33(1)?A committee decision to liquidate under section 33(2) needs what share of voting?A plan's other legal approvals must be obtained within what time under section 31(4)?