Under Section 18(1)(e) of the Banning of Unregulated Deposit Schemes Act, 2019, where realised money is…
Section 18(1)(e) lets the Designated Court order full payment to depositors or, if the money realised "is not sufficient to meet the entire deposit liability", proportionate…
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Under Section 18(1)(e) of the Banning of Unregulated Deposit Schemes Act, 2019, where realised money is insufficient, the Designated Court may order:
Answer and explanation
Correct answer B
Section 18(1)(e) lets the Designated Court order full payment to depositors or, if the money realised "is not sufficient to meet the entire deposit liability", proportionate payment. No depositor is preferred for the size or timing of the claim, and the State does not make up the shortfall.