Economics · Banking Legislation & NPA Recovery
As per the SARFAESI Act, 2002, what is the minimum amount of default required to initiate recovery proceedings?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 5 Lakhs
- 2Rs. 10 Lakhs
- 3Rs. 2 Lakhs
- 4Rs. 1 Lakh✓
Correct answer
Rs. 1 Lakh
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