What is the role of the 'Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002' (SARFAESI Act) 1 in India?
What is the role of the 'Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002' (SARFAESI Act) 1 in India?
Answer: Option B
The SARFAESI Act provides a legal framework for banks and financial institutions to recover their dues from defaulting borrowers by auctioning their secured assets without the intervention of the court.