How many days are provided as a timeline for insolvency resolution process and specifies minimum payouts to operational creditors in recently passed Insolvency and Bankruptcy Code (IBC) (Amendment) Bill, 2019 ?a)350 dayb)310 dayc)270 dayd)330 daye)None of theseCorrect answer is option 'D'. Can you explain this answer?

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a)
350 day
b)
310 day
c)
270 day
d)
330 day
e)
None of these

Correct answer is option 'D'. Can you explain this answer?

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Test : August 2019 Weekly Current Affair - 1"

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How many days are provided as a timeline for insolvency resolution pro...

August 1, 2019, The Parliament passed the Insolvency and Bankruptcy Code (IBC) (Amendment) Bill, 2019. It provides a 330-day timeline for insolvency resolution process and specifies minimum payouts to operational creditors in any resolution plan. The amendments will bring greater clarity to mergers, demergers, and amalgamations as part of the resolution process. Earlier, the timeline was 270 days.It provides greater clarity on permissibility of corporate restructuring schemes, clarity on the rights and duties of authorized representatives of voters.It gives committee of creditors of a loan defaulting company an explicit authority over the distribution of proceeds in the resolution process.

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How many days are provided as a timeline for insolvency resolution process and specifies minimum payouts to operational creditors in recently passed Insolvency and Bankruptcy Code (IBC) (Amendment) Bill, 2019 ?a)350 dayb)310 dayc)270 dayd)330 daye)None of theseCorrect answer is option 'D'. Can you explain this answer?

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How many days are provided as a timeline for insolvency resolution process and specifies minimum payouts to operational creditors in recently passed Insolvency and Bankruptcy Code (IBC) (Amendment) Bill, 2019 ?a)350 dayb)310 dayc)270 dayd)330 daye)None of theseCorrect answer is option 'D'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about How many days are provided as a timeline for insolvency resolution process and specifies minimum payouts to operational creditors in recently passed Insolvency and Bankruptcy Code (IBC) (Amendment) Bill, 2019 ?a)350 dayb)310 dayc)270 dayd)330 daye)None of theseCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for How many days are provided as a timeline for insolvency resolution process and specifies minimum payouts to operational creditors in recently passed Insolvency and Bankruptcy Code (IBC) (Amendment) Bill, 2019 ?a)350 dayb)310 dayc)270 dayd)330 daye)None of theseCorrect answer is option 'D'. Can you explain this answer?.

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