The Preamble of the Recovery of Debts and Bankruptcy Act, 1993 primarily declares that the Act is…
The long title identifies specialised Tribunals for prompt adjudication and recovery of debts owed to banks and financial institutions. Its amended text also refers to…
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The Preamble of the Recovery of Debts and Bankruptcy Act, 1993 primarily declares that the Act is enacted:
Answer and explanation
Correct answer B
The long title identifies specialised Tribunals for prompt adjudication and recovery of debts owed to banks and financial institutions. Its amended text also refers to individual and partnership insolvency and bankruptcy. It does not make banking licensing or comprehensive corporate insolvency its exclusive object.