Which of the following expressions is expressly used in the Preamble of the Recovery of Debts and…
The Preamble speaks of "expeditious adjudication" and "recovery of debts due to banks and financial institutions". It does not speak of commercial disputes generally, of…
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Which of the following expressions is expressly used in the Preamble of the Recovery of Debts and Bankruptcy Act, 1993?
Answer and explanation
Correct answer A
The Preamble speaks of "expeditious adjudication" and "recovery of debts due to banks and financial institutions". It does not speak of commercial disputes generally, of protecting secured creditors or of banking frauds.