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    Question

    Which act governs the resolution of distressed assets

    through insolvency proceedings in India?
    A Companies Act, 2013 Correct Answer Incorrect Answer
    B RBI Act, 1934 Correct Answer Incorrect Answer
    C Insolvency and Bankruptcy Code (IBC), 2016 Correct Answer Incorrect Answer
    D Banking Regulation Act Correct Answer Incorrect Answer
    E FEMA Correct Answer Incorrect Answer

    Solution

    IBC governs the process of resolving insolvency and liquidation of corporate persons and individuals.

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