General Knowledge · General Awareness
Which specific legal provision under the SARFAESI Act 2002 defines hypothecation and distinguishes it from a pledge by emphasizing that possession remains with the borrower?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Section 125 of the Companies Act 2013
- 2Section 58 of the Transfer of Property Act 1882
- 3Section 172 of the Indian Contract Act 1872
- 4Section 2(1)(n) of the SARFAESI Act 2002✓
Correct answer
Section 2(1)(n) of the SARFAESI Act 2002
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