Under the Recovery of Debts and Bankruptcy Act, 1993, a Recovery Officer is faced with an application…
An application to stay proceedings initiated under a Recovery Certificate is governed by section 27 of the Act, which also covers amendment or withdrawal of such certificate…
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Under the Recovery of Debts and Bankruptcy Act, 1993, a Recovery Officer is faced with an application seeking stay of proceedings initiated under a Recovery Certificate. Which provision would primarily govern the issue?
Answer and explanation
Correct answer B
An application to stay proceedings initiated under a Recovery Certificate is governed by section 27 of the Act, which also covers amendment or withdrawal of such certificate proceedings, separately from section 26's validity provision.