The priority under Section 12 of the Banning of Unregulated Deposit Schemes Act, 2019 applies against:
Under section 12 of the BUDS Act, depositors' priority operates over all other debts and all revenues, taxes, cesses and other rates payable to the appropriate Government or…
Choose your answer
The priority under Section 12 of the Banning of Unregulated Deposit Schemes Act, 2019 applies against:
Answer and explanation
Correct answer D
Under section 12 of the BUDS Act, depositors' priority operates over all other debts and all revenues, taxes, cesses and other rates payable to the appropriate Government or local authority, so all of the given options are correct.