Section 17 of the Banning of Unregulated Deposit Schemes Act, 2019 deals with:
Section 17 is headed "Payment in lieu of attachment" and lets a person whose property is about to be or has been provisionally attached deposit its fair value instead.…
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Section 17 of the Banning of Unregulated Deposit Schemes Act, 2019 deals with:
Answer and explanation
Correct answer B
Section 17 is headed "Payment in lieu of attachment" and lets a person whose property is about to be or has been provisionally attached deposit its fair value instead. Priority of depositors' claims is the subject of section 12.