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Question

Under the IBC, which of the following is NOT a condition for MSMEs to qualify for insolvency resolution?

A The MSME must be a registered entity with a valid business license

B The MSME must have defaulted on its debts

C The MSME must have liabilities greater than ₹1 crore

D The MSME must demonstrate a viable business plan for restructuring

E The MSME must have been in continuous operation for at least 5 years

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