Question
RBI has mandated banks to form JLFs when the account is
classified SMA-2. What does JLF stands for?Solution
When the principal or interest payment for a particular loan is overdue between 61 and 90 days (and not exceeding 90 days), this is called special mention account-2 or SMA-2.JLFs meetings are held to revitalise stressed assets. In JLF banks attempt to red-flag stress early and check them by putting in place a corrective action plan (CAP). RBI has lowered the threshold needed for implementing the corrective action plan (CAP). Now, the decisions agreed to by a minimum of 60% of creditors by value and 50% of creditors would now be valid to implement the CAP. Decision taken by the JLFwould be binding on all other lenders.
In execution of decree of money-
According to section 96 of the Companies Act the annual general meeting of an unlisted company may be held at any place in India if ________________
Which of the following cases talks about right to education as a Fundamental Right?
All of the following are sources of administrative law, EXCEPT:
What is the maximum time allowed by the Court to the parties to work out a mutually satisfactory disposition under Section 290(4)(a)?
What may happen if the parties reach an agreement on a settlement of the dispute?
A company has 1,000 shareholders and its turnover has crossed Rs. 50 crores in the previous financial year. The company must now constitute an Audit Com...
Agreement is defined in Section _____ of the Indian Contract Act, 1872.
Under the Right to Information Act, 2005, which section provides for "Exemption from disclosure of information"?Â
 In which year was the Copyright Act enacted in India?
Relevant for Exams:
