Current Affairs · Insolvency and Bankruptcy Code
The repayment plan prepared in an individual insolvency process under the Insolvency and Bankruptcy Code, 2016 must be approved by a majority of more than:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 190% in value of creditors
- 275% (three-fourths) in value of creditors✓
- 366% in value of creditors
- 450% in value of creditors
Correct answer
75% (three-fourths) in value of creditors
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