Question
In the questions given below, a blank has been provided for each and needs to be filled with the appropriate word. Choose the best option among the given ones. The IBC provides for a time limit of 180 days once a case of default is brought to the National Company Law Tribunal, following a joint decision of creditors accounting for a _______ share of claims on a company.
Solution
It conveys the idea that the time limit is triggered when there's a joint decision by the creditors who hold a substantial or controlling influence (dominant share) of claims on the company.
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