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A Cross Border Insolvency Rules/Regulations Committee (CBIRC) was formed by the Union Ministry of Corporate Affairs in 2020 headed by ___________.
  • a)
    Subhash Chandra Garg
  • b)
    Harsh Bhanwalla
  • c)
    KP Krishnan
  • d)
    Rajeev Srinivas
  • e)
    None of the above
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
A Cross Border Insolvency Rules/Regulations Committee (CBIRC) was for...
  • The government is planning to bring cross-border insolvency under the Insolvency and Bankruptcy Code (IBC).
  • Union Minister of State for Corporate Affairs, Rao Inderjit Singh talked about this recently during International Research Conference on Insolvency and Bankruptcy at IIM-Ahmadabad.
  • A Cross-Border Insolvency Rules/Regulations Committee (CBIRC) was formed by the Union Ministry of Corporate Affairs in 2020. KP Krishnan was the chairman of CBIRC.
  • IBC has so far been amended six times since its enforcement in 2016.
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Read the following passage carefully and answer the questions given below them. Certain words are given in Underline to help you locate them while answering some of the questions.At the first monetary policy statement of the Reserve Bank of India (RBI) for 2018-19, it seems impossible to believe that the previous bi-monthly on 7 February marked a high point in the relationship between the Union finance ministry and the RBI. There was on that date a regulatory add-on of a 180-day window offorbearancefor payment dues from small borrowers, and abolition of loan limits in the MSME (medium, small and micro enterprises) segment. Those initiatives followed the supportive measures for the small-scale sector in the Union budget on 1 February, through the corporate tax cut, and additional funding for the Micro-units Development Refinance Agency (Mudr

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A Cross Border Insolvency Rules/Regulations Committee (CBIRC) was formed by the Union Ministry of Corporate Affairs in 2020 headed by ___________.a)Subhash Chandra Gargb)Harsh Bhanwallac)KP Krishnand)Rajeev Srinivase)None of the aboveCorrect answer is option 'C'. Can you explain this answer?
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