2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which has become first financial services player to go NCLT for a possible debt resolution?
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CRISIL
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Dewan Housing Finance Corp. Ltd
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Muthoot Finance Ltd.
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Ashok Leyland
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Explanation:
Detailed explanation-1: -Applying to the NCLT under Section 7 of the Code CIRP can be initiated only if the corporate debtor defaults on a debt that meets or exceeds the minimum threshold value prescribed under Section 4 of the Code7.
Detailed explanation-2: -Initiation of CIRP A partner or member of the corporate debtor authorised to initiate CIRP or a person in charge of managing the affairs or who has control and supervision over the financial affairs of the corporate debtor can initiate the CIRP with NCLT.
There is 1 question to complete.