Which of the following statements correctly reflects the Preamble of the Recovery of Debts and…
Institutional debt adjudication and recovery is an express object. The amended long title also mentions individual and partnership insolvency and bankruptcy, so that subject…
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Which of the following statements correctly reflects the Preamble of the Recovery of Debts and Bankruptcy Act, 1993?
Answer and explanation
Correct answer B
Institutional debt adjudication and recovery is an express object. The amended long title also mentions individual and partnership insolvency and bankruptcy, so that subject cannot be rejected as wholly outside it; the competing statement is wrong in claiming it is the exclusive object.