Question

When was the Recovery of Debts and Bankruptcy Act enacted?

A 27th August 1992 Correct Answer Incorrect Answer
B 27th August 1993 Correct Answer Incorrect Answer
C 27th September 1992 Correct Answer Incorrect Answer
D 28th October 1993 Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

An Act to provide for the establishment of Tribunals for expeditious adjudication and recovery of debts due to banks and financial institutions, insolvency resolution and bankruptcy of individuals and partnership firms and for matters connected therewith or incidental thereto enacted on 27th August 1993.

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