Question

Which of the following Statements about the NARCL is/are True? I- Ministry of Corporate Affairs (MC

  • A has incorporated the 'National Asset Reconstruction Company (NARC
  • L ' with an authorised capital of INR 100 crore. II- Canara Bank would be the sponsor of NARCL. III- Padmakumar Madhavan Nair, a stressed assets expert from SBI will serve as the Managing Director of NARCL.
A Only I
B Only II
C I & III
D II & III
E All of the above
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