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Preconditions for action under SARFAESI Act, 2002 are________.1). The account must be NPA2). The amount of Debt due must be above Rs. 1 lac3). The secured asset to be enforced must not be Agricultural Land4). All of the above |
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Answer» Preconditions for action under SARFAESI ACT, 2002 are: The account MUST be a Non-Performing ASSET The AMOUNT of DEBT due must be above Rs. 1 Lac The secured asset to be enforced must not be an agricultural land |
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