Under the Banning of Unregulated Deposit Schemes Act, 2019, the Supreme Court may transfer a case when:
Section 20(1) concerns default in schemes referred to in section 30, whose requirements include cross-jurisdictional reach and an amount significantly affecting public…
Choose your answer
Under the Banning of Unregulated Deposit Schemes Act, 2019, the Supreme Court may transfer a case when:
Answer and explanation
Correct answer A
Section 20(1) concerns default in schemes referred to in section 30, whose requirements include cross-jurisdictional reach and an amount significantly affecting public interest. It empowers transfer between Designated Courts. A civil recovery suit, slow investigation or unpaid tax does not itself supply that statutory scheme category.