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    Question

    An asset reconstruction company aggrieved by the order

    of cancellation of certificate of registration may prefer an appeal to the Central Government within ………. Days
    A 15 Correct Answer Incorrect Answer
    B 30 Correct Answer Incorrect Answer
    C 45 Correct Answer Incorrect Answer
    D 60 Correct Answer Incorrect Answer
    E 90 Correct Answer Incorrect Answer

    Solution

    Section 4(2) of SARFAESI Act A asset reconstruction company aggrieved by the order of cancellation of certificate of registration may prefer an appeal, within a period of thirty days from the date on which such order of cancellation is communicated to it, to the Central Government: Provided that before rejecting an appeal such company shall be given a reasonable opportunity of being heard.

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