Which of the following statements is correct under Section 33 of the Recovery of Debts and Bankruptcy…
Section 33 deals with protection of action taken in good faith; the overriding effect of the Act, priority to secured creditors, and the rule-making power are addressed in…
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Which of the following statements is correct under Section 33 of the Recovery of Debts and Bankruptcy Act, 1993?
Answer and explanation
Correct answer A
Section 33 deals with protection of action taken in good faith; the overriding effect of the Act, priority to secured creditors, and the rule-making power are addressed in other sections of the Act.