A bank seeks recovery of debt by instituting proceedings before the Tribunal under the Recovery of…
A bank instituting recovery proceedings before the Tribunal files its claim as an application under section 19 of the Act, the provision governing applications to the…
Choose your answer
A bank seeks recovery of debt by instituting proceedings before the Tribunal under the Recovery of Debts and Bankruptcy Act, 1993. Which provision would primarily govern the filing of such proceedings?
Answer and explanation
Correct answer B
A bank instituting recovery proceedings before the Tribunal files its claim as an application under section 19 of the Act, the provision governing applications to the Tribunal, separate from section 19A's electronic filing procedure.