Which code recently passed by the Parliament enables banks to recover money from troubled companies within a period of 180 days?

Insolvency and Bankruptcy Code

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Banking Defaulters Code

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Cross Border Insolvency Code

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Serial Defaulters Revival Code

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None of these

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Solution

The correct option is A
Insolvency and Bankruptcy Code

The Insolvency and Bankruptcy Code will ensure time-bound settlement of insolvency. It will also enable faster turnaround of businesses and create a database of serial defaulters.

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Which code recently passed by the Parliament enables banks to recover money from troubled companies within a period of 180 days?

The correct option is A Insolvency and Bankruptcy Code The Insolvency and Bankruptcy Code will ensure time-bound settlement of insolvency. It will also enable faster turnaround of businesses and create a database of serial defaulters.

The correct option is A
Insolvency and Bankruptcy Code

The Insolvency and Bankruptcy Code will ensure time-bound settlement of insolvency. It will also enable faster turnaround of businesses and create a database of serial defaulters.