Below, a passage is given with five blanks labelled (A)-(E). Below the passage, five options are given for each blank. Choose the word that fits each blank most appropriately in the context of the passage, and mark the corresponding answer.

The Union Cabinet on Wednesday approved a proposal to promulgate an __(A)__ to amend the Insolvency and Bankruptcy Code (IBC). Official sources said the __(B)__ is to strengthen the IBC by explicitly preventing certain persons including wilful defaulters, disqualified directors, those who have __(C)__ in fraudulent transactions as well as promoters whose account is classified as non-performing assets (NPA) beyond a __(D)__ duration from regaining control of the __(E)__ company through the backdoor in the garb of a resolution applicant.