Rejection of the representation made by the borrower against the notice to the Secured Cre...........

Professional Legal Knowledge SARFAESI Act

Rejection of the representation made by the borrower against the notice to the Secured Creditor within the sixty (60) days notice period.

does not confer any right upon the borrower to file an application to the Debts Recovery Tribunal (DRT) or the Court of District Judge.

confer the right to borrower to file an application to the Debts Recovery Tribunal (DRT) or the Court of District Judge.

confer the right to borrower to file an application to the Debts Recovery Tribunal only.

confer the right to borrower to file an application to the Court of District Judge only.

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Explanation:

Rejection of the representation made by the borrower against the notice to the Secured Creditor within the sixty (60) days notice period does not confer any right upon the borrower to file an application to the Debts Recovery Tribunal (DRT) or the Court of District Judge. This provison is given in section 13 of SARFAESI ACT.