Which of the following statements is correct under Section 3 of the Recovery of Debts and Bankruptcy…
Section 3 of the Act deals with establishment of the Tribunal, authorising the Central Government to create Debts Recovery Tribunals by notification; its composition, the…
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Which of the following statements is correct under Section 3 of the Recovery of Debts and Bankruptcy Act, 1993?
Answer and explanation
Correct answer A
Section 3 of the Act deals with establishment of the Tribunal, authorising the Central Government to create Debts Recovery Tribunals by notification; its composition, the Presiding Officer's qualifications, and jurisdiction are addressed elsewhere in the Act.