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    Question

    Corporate Debt Restructuring can be done in assets in

    which the exposure is ____________ or more.
    A Rs 5 Crores Correct Answer Incorrect Answer
    B Rs 10 Crores Correct Answer Incorrect Answer
    C Rs 15 Crores Correct Answer Incorrect Answer
    D Rs 20 Crores Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The Corporate Debt Restructuring (CDR) scheme came into effect in 2001 and under this scheme; accounts with outstanding exposures of Rs 10 Crores or more can be considered. It can come into play only when at least 75% of the creditors (by value of loan amount) and 60% of the creditors (by value of number of loans) agree to such proposal. 

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