Banking · Banking Laws and Acts
Under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002, which mode of charging security allows a secured creditor to take possession of the charged asset without court intervention, provided the asset has been classified as a Non-Performing Asset (NPA)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 2Simple Mortgage
- 3Hypothecation✓
- 4Equitable Mortgage
Correct answer
Hypothecation
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