Who may apply to the Supreme Court under section 20(2) of the Banning of Unregulated Deposit Schemes…
Under section 20(2), either the Competent Authority or an interested party may apply to the Supreme Court to transfer the case. The applicant must support the application…
Choose your answer
Who may apply to the Supreme Court under section 20(2) of the Banning of Unregulated Deposit Schemes Act, 2019 to transfer a case from one Designated Court to another?
Answer and explanation
Correct answer C
Under section 20(2), either the Competent Authority or an interested party may apply to the Supreme Court to transfer the case. The applicant must support the application with an affidavit.
Option feedback
Option A
An interested party may also apply under section 20(2).
Option B
The Competent Authority may also apply under section 20(2).
Option C
Section 20(2) allows either listed applicant to apply and requires an affidavit.
Option D
Section 20(2) requires an application from the Competent Authority or an interested party.
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Madhya Pradesh ADPO