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NARCL, commonly known as bad bank, operates by acquiring bad loans from banks, paying 15 per cent of the amount in cash and the remainder in government-guaranteed security receipts, which banks can invoke during resolution or liquidation.
The Kolkata bench of the National Company Law Tribunal approved a Rs 301 crore resolution plan against Rs 816 crore admitted claims from creditors, employees, and trade creditors.
This week, we have compiled 10 weekly current affairs questions and answers relevant for government exams, including topics such as Chairman of the 16th Finance Commission, ''Prithvi Vigyan scheme, 'Samvid Gurukulam', Joint Military Exercise 'Desert Cyclone' and others.
The National Company Law Tribunal had in August approved a resolution plan submitted by National Asset Reconstruction Co. Ltd for Srei Infrastructure Finance Ltd and Srei Equipment Finance Ltd