Which of the following statements is correct under Section 31B of the Recovery of Debts and Bankruptcy…
Section 31B deals with priority to secured creditors; transfer of pending cases, the Tribunal's power to issue a certificate of recovery, and the deeming of officers as…
Choose your answer
Which of the following statements is correct under Section 31B of the Recovery of Debts and Bankruptcy Act, 1993?
Answer and explanation
Correct answer A
Section 31B deals with priority to secured creditors; transfer of pending cases, the Tribunal's power to issue a certificate of recovery, and the deeming of officers as public servants are addressed in other sections.