Tirumala Milk Products Legal Advisor Interview Questions, Process, and Tips

EP stands for European Patent.

• EP is a type of patent granted by the European Patent Office (EPO).

• It provides protection for inventions in the countries that are members of the European Patent Convention.

• EP applications can be filed directly with the EPO or through a national patent office.

• EP patents can be enforced in the countries where they are validated.

• EP patents have a maximum term of 20 years from the date of fil...read more

There are two types of DRT: Debt Recovery Tribunal and Dispute Resolution Tribunal.

• Debt Recovery Tribunal (DRT) deals with the recovery of debts from banks and financial institutions.

• Dispute Resolution Tribunal (DRT) resolves disputes related to securities market.

• DRTs were established under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993.

• DRTs have jurisdiction over cases where the amount of debt...read more

SARFAESI Act is a legal act that allows banks to recover their non-performing assets without court intervention.

• SARFAESI stands for Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act

• It was enacted in 2002 to provide a legal framework for banks to recover their bad loans

• Under this act, banks can take possession of the collateral security and sell it without the intervention of...read more

The minimum amount under SARFAESI Act is Rs. 1 lakh.

• SARFAESI Act allows banks to recover their non-performing assets without the intervention of the court.

• The minimum amount for the application of SARFAESI Act is Rs. 1 lakh.

• The Act applies to secured loans of Rs. 1 lakh and above.

• The Act does not apply to unsecured loans or loans below Rs. 1 lakh.

• The Act provides for the sale of the secured assets without the intervent