Under Section 15(5) of the Banning of Unregulated Deposit Schemes Act, 2019, the Designated Court may…
Section 15(5) lets the Designated Court pass orders or directions for "the equitable distribution among the depositors" of the money attached or realised from sale. The…
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Under Section 15(5) of the Banning of Unregulated Deposit Schemes Act, 2019, the Designated Court may issue directions for:
Answer and explanation
Correct answer B
Section 15(5) lets the Designated Court pass orders or directions for "the equitable distribution among the depositors" of the money attached or realised from sale. The money goes to depositors, not to other creditors or back to the deposit taker.