Under Section 18(2)(b) of the Banning of Unregulated Deposit Schemes Act, 2019, the Designated Court…
Section 18(2)(b) lets the Designated Court make orders safeguarding, "so far as may be practicable", the interest of any business affected by the attachment. The concern is…
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Under Section 18(2)(b) of the Banning of Unregulated Deposit Schemes Act, 2019, the Designated Court may safeguard:
Answer and explanation
Correct answer B
Section 18(2)(b) lets the Designated Court make orders safeguarding, "so far as may be practicable", the interest of any business affected by the attachment. The concern is the affected business itself, not the promoters' personal interests or the State's revenue.