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To make surety bond business more attractive, the government is going to make relevant changes in the Insolvency and Bankruptcy Code (IBC) to consider insurers as financial creditor in case of default of infra projects. The surety bond issued by a general insurance company is a three-party contract by which one party (the surety) guarantees the performance or obligations of a second party (the principal) to a third party (the obligee). The surety is a company that provides the financial guarantee to the obligee (usually a government entity) that the principal (business owner) will fulfil their obligations. The Ministry of Corporate Affairs is looking into concerns raised by the insurers that they should have resort to recovery on par with the banks as forwarded by the Department of Financial Services under the finance ministry. Thus, relevant changes would be made in IBC to provide financial creditor status to the insurer under the resolution process.
Agrobacterium is widely used for gene transfer because
Which two fishes are specifically grown for commercial purposes in Uttarakhand?
_________ is an internet-based interface/platform that will provide direct and effective solutions to the problems faced by farmers and stakeholders in ...
Foliar application of the following improves the grain yield in blackgram during flowering stage
What type of proteins are composed of only amino acid residues and yield constituent amino acids upon hydrolysis?
In which type of tillage 15-30% residue left on the soil surface?
What is the term used for the uninterrupted replenishment of sterile nutrient medium to maintain cell growth in culture?
The highest category of soil nomenclature is called as
When was the Lakhpati Didi Yojana launched?
If 22 acres of area registered by a seed produced for Bajra certified seed production, how many heads to be counted by the seed certification officer at...
