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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…

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Under the Banning of Unregulated Deposit Schemes Act, 2019, the Supreme Court may transfer a case when:

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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.

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