2018
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
20
|
|
|
56
|
|
|
35
|
|
|
45
|
Detailed explanation-1: -The Act is applicable to cases where the amount of debt due to any bank or financial institution defined under the Act or a consortium of banks or financial institutions is Rs. 20 lakh or more.
Detailed explanation-2: -Rs. 1, 000 for every one lakh, subject to a maximum of Rs. 1, 50, 000.
Detailed explanation-3: -The jurisdiction of the Permanent Lok Adalats is upto Rs. Ten Lakhs.
Detailed explanation-4: -What is the minimum due amount to file a case in DRT? The minimum amount owed to financial institutions (FIs) and banks should be more than 20 lac rupees.
Detailed explanation-5: -100 crores or more are eligible NBFCs that are covered under the SARFAESI Act to enforce security interest on debts amounting to at least Rs. 50 lacs.