Question
As per the provisions of IBC, the committee of creditors
may approve a resolution plan by what percentage of voting share of the financial creditors?Solution
Section 30-Submission of resolution plan : (4) The committee of creditors may approve a resolution plan by a vote of not less than sixty-six per cent, of voting share of the financial creditors, after considering its feasibility and viability the manner of distribution proposed, which may take into account the order of priority amongst creditors as laid down in sub-section (1) of section 53, including the priority and value of the security interest of a secured creditor, and such other requirements as may be specified by the Board.
In performance appraisal, which of the following best illustrates the halo effect error?
Consider the following statements.
1) The IFSCA Act empowers the IFSCA to make regulations for the development of financial services in IFS...
In which kind of finance, the buyer is given credit under the line of credit by the exporter’s bank and the exporter will be made to export?
Who among the following cannot issue commercial papers?
According to Union Budget 2023-24, consider the following statements regarding the Marine sector:
1. Marine products recorded the highest expo...
To study the trends in a firm’s cost of goods sold (COGS), the analyst should standardize the cost of goods sold numbers to common size basis by divid...
According to the Union Budget 2023-24, consider the following statements.
1. Monthly merchandise exports declined from US$ 39.7 billion in Apri...
Why is written communication often preferred in organizations?
The aggregate of only those costs that can be specifically and directly traced to each unit of output is termed as _______
Which of the following global financial centers is known for its Islamic finance and Shariah-compliant products?
