The Preamble to the Recovery of Debts and Bankruptcy Act, 1993 expressly indicates that the Act…
The Preamble expressly states that the Act is enacted to provide for the establishment of Tribunals, meaning the Debts Recovery Tribunals and Appellate Tribunal created…
Choose your answer
The Preamble to the Recovery of Debts and Bankruptcy Act, 1993 expressly indicates that the Act provides for the establishment of:
Answer and explanation
Correct answer C
The Preamble expressly states that the Act is enacted to provide for the establishment of Tribunals, meaning the Debts Recovery Tribunals and Appellate Tribunal created under sections 3 and 8, rather than civil courts, commercial courts, or consumer commissions.