BANK SIDBI Grade A (General) Phase I Mock Test 2024 Banking and Financial Institutions Banking sector reforms in India NPA management
Which of the following clarifications were made under the IBC Amendment Act, 2020?
1. Corporate debtors can initiate insolvency resolution against other debtors.
2. Resolution professionals can manage operations beyond the insolvency period until a liquidator is appointed.
3. The supply of essential goods or services can be interrupted during the moratorium period.
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
All of the above
5
None of the above