The precedence under Section 13(1) of the Banning of Unregulated Deposit Schemes Act, 2019 is available…
Section 13(1) of the BUDS Act gives the provisional attachment precedence only to the extent of the claims of the depositors, not Government tax claims, shareholders' claims…
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The precedence under Section 13(1) of the Banning of Unregulated Deposit Schemes Act, 2019 is available to the extent of:
Answer and explanation
Correct answer B
Section 13(1) of the BUDS Act gives the provisional attachment precedence only to the extent of the claims of the depositors, not Government tax claims, shareholders' claims or local authorities' claims.