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A financial creditor is a broad term that encompasses individuals, companies, banks, financial institutions, or any other entity that has provided financial credit or loans to a debtor. It includes entities that have extended credit facilities such as loans, debentures, bonds, or any other form of financial assistance, and have a legally enforceable claim against the debtor. Under the IBC, financial creditors have the right to initiate insolvency proceedings against a debtor if the debtor fails to repay the financial debt. They have the power to file a petition for the resolution of the debtor's insolvency and participate in the insolvency resolution process.
The Government has revised the rates of interest on a few small savings schemes for the fourth quarter of financial year 2023-24 starting from 1st Janua...
National Initiative for School Heads’ and Teachers’ Holistic Advancement (NISHTHA) on 21st August, 2019 to improve learning outcomes at the elemen...
Beti Bachao Beti Padhao Scheme was launched in January 2015 with the aim to address sex selective abortion and the declining child sex ratio, it is an ...
The aegis of National Mission on Education through Information and Communication Technology (NMEICT), National Digital Library of India (NDLI) is a proj...
Consider the following statements:
What is the purpose of developing a carbon credit trading scheme in India?
Consider the following statements in regards to Midday meal scheme
1. The Midday meal scheme is a centrally sponsored scheme launched in 1995.
Consider the following statements in regards to CBSE Single child merit scholarship:
1. It was launched in 2006 for single girl child students ...
SWAYAM has been developed cooperatively by the Ministry of Education ( former Ministry of Human Resource Development), and ________________________ with...
Consider the following statements in regards to PRAGATI Scheme for scholarship:
1. It has been launched by the MHRD from the year 2014-15 and imp...