GK
RTI ACT 2005
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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YES
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NO
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If he is above 35, then he can stand
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None of the above
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Detailed explanation-1: -Bankruptcy is a legal status that usually lasts for a year and can be a way to clear debts you can’t pay. When you’re bankrupt, your non-essential assets (property and what you own) and excess income are used to pay off your creditors (people you owe money to). At the end of the bankruptcy, most debts are cancelled.
Detailed explanation-2: -If a person has been adjudged bankrupt by a court in 1.9 England, Wales or Northern Ireland, or is subject to an interim bankruptcy restrictions order, they are not disqualified on that basis, as long as they are not also currently subject to any of the particular bankruptcy disqualifications listed above.
Detailed explanation-3: -Under the new section, an MP is no longer automatically disqualified on the making of a bankruptcy order. Those MPs where some form of culpability can be shown through the making of a BRO will be disqualified automatically and there will be no six months grace period. 773.
Detailed explanation-4: -Dewan Housing Finance Ltd. – Bhushan Power and Steel – US$6.9 billion. Essar Steel (US$6.9 billion) – Biggest Bankruptcies in India. Lanco Infra – US$ 6.3 billion. Bhushan Steel (US$6.2 billion) – Biggest Bankruptcies in India. Reliance Communications – US$4.6 billion. More items •30-Mar-2021