alleryStart learning →On a member deposit default, where does the depositor apply?
AReserve Bank office
BFinance Ministry
CThe Tribunal (NCLT)
DRegistrar's office
Answer & Solution
Correct answer: C. The Tribunal (NCLT)
Under section 73(4) the depositor may apply to the Tribunal for an order to pay the sum due and for compensation for loss.
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Related questions
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