Under Section 18(1)(b) of the Banning of Unregulated Deposit Schemes Act, 2019, the Designated Court…
Section 18(1)(b) lets the Designated Court "finalise the list of depositors and their respective dues" after assessing the deposit taker's assets. It does not finalise the…
Choose your answer
Under Section 18(1)(b) of the Banning of Unregulated Deposit Schemes Act, 2019, the Designated Court may finalise:
Answer and explanation
Correct answer A
Section 18(1)(b) lets the Designated Court "finalise the list of depositors and their respective dues" after assessing the deposit taker's assets. It does not finalise the police report, a list of other creditors or any scheme to revive the business.