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Under the Corporate Debt Restructuring (CDR) mechanism in India, what percentage of creditors' approval is required for a debt restructuring package to be binding on all creditors?
  • a)
    25%
  • b)
    50%
  • c)
    75%
  • d)
    100%
Correct answer is option 'C'. Can you explain this answer?
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Under the Corporate Debt Restructuring (CDR) mechanism in India, what ...
In the CDR mechanism in India, a debt restructuring package must be approved by a super-majority of 75% of creditors (by value) to be binding on all creditors.
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Under the Corporate Debt Restructuring (CDR) mechanism in India, what percentage of creditors' approval is required for a debt restructuring package to be binding on all creditors?a)25%b)50%c)75%d)100%Correct answer is option 'C'. Can you explain this answer?
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