• The SARFAESI Act (Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act) was actually launched in 2002, not 2005 as stated in option (C).
• The SARFAESI Act (2002) empowers banks and financial institutions to recover their dues without involving courts through the enforcement of security interests.
• The other options, including DRT (1993), NARCL (2021), and IBC (2016), are correctly paired with their respective launch years.
• The inclusion of SARFAESI (2002) in option (E) makes it the incorrect pairing, as it should be 2002, not 2005.
Study Notes
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