Section 31B of the Recovery of Debts and Bankruptcy Act, 1993 deals with:
Section 31B of the Recovery of Debts and Bankruptcy Act, 1993 gives secured creditors priority in recovery proceedings, distinct from the Tribunal's power to issue a…
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Section 31B of the Recovery of Debts and Bankruptcy Act, 1993 deals with:
Answer and explanation
Correct answer A
Section 31B of the Recovery of Debts and Bankruptcy Act, 1993 gives secured creditors priority in recovery proceedings, distinct from the Tribunal's power to issue a recovery certificate on a decree or order under the preceding section.