Section 12 of the Banning of Unregulated Deposit Schemes Act, 2019 deals with:
Section 12 is headed "Priority of depositors' claim" and makes amounts due to depositors payable ahead of other debts and Government dues. Precedence of attachment orders is…
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Section 12 of the Banning of Unregulated Deposit Schemes Act, 2019 deals with:
Answer and explanation
Correct answer B
Section 12 is headed "Priority of depositors' claim" and makes amounts due to depositors payable ahead of other debts and Government dues. Precedence of attachment orders is dealt with separately in section 13, and payment in lieu of attachment in section 17.