Attached assets under Section 18(1)(c) of the Banning of Unregulated Deposit Schemes Act, 2019 may be…
Section 18(1)(c) lets the Designated Court direct the Competent Authority to sell or realise attached assets "either by public auction or private sale as it deems fit…
Choose your answer
Attached assets under Section 18(1)(c) of the Banning of Unregulated Deposit Schemes Act, 2019 may be sold by:
Answer and explanation
Correct answer C
Section 18(1)(c) lets the Designated Court direct the Competent Authority to sell or realise attached assets "either by public auction or private sale as it deems fit depending upon the nature of assets". Neither mode is fixed in advance, and Government allotment is not provided.