Section 21 of the Recovery of Debts and Bankruptcy Act, 1993 deals with:
Section 21 requires a debtor appellant to deposit fifty per cent of the Tribunal-determined debt before the appeal is entertained. The appellate Tribunal may reduce it for…
Choose your answer
Section 21 of the Recovery of Debts and Bankruptcy Act, 1993 deals with:
Answer and explanation
Correct answer A
Section 21 requires a debtor appellant to deposit fifty per cent of the Tribunal-determined debt before the appeal is entertained. The appellate Tribunal may reduce it for recorded reasons, but not below twenty-five per cent. Sections 20, 19 and 22 separately address appeals, recovery certificates and procedure.