Question
What is the time period under which Pre-Packaged Resolution process should be completed from the date of initiation?
Read the following passage and answer the next 4 question (Q11 to Q14):- There is a need to strengthen the insolvency resolution process. The Insolvency and Bankruptcy Board of India (IBBI) must swiftly finalise the code of conduct for the committee of creditors (CoC), mainly in banks. The code is meant to provide clarity on the scope of the responsibilities of the CoC. It adds another layer of oversight, given that banks are already regulated by the RBI and public sector bankers are also under the purview of the Prevention of Corruption Act. The draft norms that cover disclosure of any conflict of interest, not acquiring any assets of the corporate debtor and adhering to bankruptcy code timelines are fine. Robust enforcement must go hand in hand. Source: Economic times
More Banking System in India Questions
- What can be the maximum proportion of base size for anchor investors can be decided by an issuer at EBP?
- Under which section of the Companies Act 2013 NFRA is constituted?
- Financial product under IFSCA Act 2019 does not include
- Which is the mandatory process of identifying and verifying the client's identity when opening an account and periodically over time?
- Which of the following actions most emerging economies took after facing with the prospects of global stagflation, nations, feeling compelled to protect th...
- NABARD refinance loan of which sector in Indian?
- Improving the employee performance is a key part of human resource development. Which of the following helps in achieving this by increasing employee’s kno...
- Which of the following is not a role of GFCs?
- Under which act are hawala transactions prohibited in India?
- The Sustainable Development Goals (SDGs) India Index measures the Indian States on the basis of the progress made on various Sustainable Development Goals....
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt