A dispute concerns whether the provisions of the Recovery of Debts and Bankruptcy Act, 1993 apply to a…
Whether the Act's provisions apply to a particular matter is determined by section 1, which fixes the territorial extent and, under sub-section (4), the minimum debt amount…
Choose your answer
A dispute concerns whether the provisions of the Recovery of Debts and Bankruptcy Act, 1993 apply to a particular matter. Which provision would primarily govern such determination?
Answer and explanation
Correct answer A
Whether the Act's provisions apply to a particular matter is determined by section 1, which fixes the territorial extent and, under sub-section (4), the minimum debt amount above which the Act applies, rather than by the definitions in section 2 or the Tribunal-related sections 3 and 4.