Current Affairs · Insolvency and Bankruptcy
In its regulatory push to ensure greater accountability and timely implementation of resolution plans, the Insolvency and Bankruptcy Board of India (IBBI) has mandated the Committee of Creditors (CoC) to form a Monitoring Committee (MC). What is the primary function of this committee?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To propose liquidation in case of CoC misalignment
- 2To oversee resolution plan execution and minimize value erosion✓
- 3To negotiate new investment terms with financial institutions
- 4To handle claims from unsecured creditors after the resolution
Correct answer
To oversee resolution plan execution and minimize value erosion
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