Compensation under Section 20(3) of the Banning of Unregulated Deposit Schemes Act, 2019 may be awarded…
Under section 20(3), if the Supreme Court dismisses a transfer application as frivolous or vexatious, it may order the applicant to pay compensation "to any person who has…
Choose your answer
Compensation under Section 20(3) of the Banning of Unregulated Deposit Schemes Act, 2019 may be awarded to:
Answer and explanation
Correct answer B
Under section 20(3), if the Supreme Court dismisses a transfer application as frivolous or vexatious, it may order the applicant to pay compensation "to any person who has opposed the application". The award goes to the opposing party, not to a court body or automatically to the Competent Authority.