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Q: Which of the following is one of the features of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018?
  • A. Free loan to creditors
  • B. Payment of interest subsidy
  • C. Complete exemption of interest
  • D. Relief to home buyers by recognizing their status as financial creditors.
Correct Answer: Option D - The Insolvency and Bankruptcy Amendment, Code Act 2018 talks about recognizing their status as financial creditors and providing relief in home purchases. Also this bill talks about providing relief to micro, small and medium industries.
D. The Insolvency and Bankruptcy Amendment, Code Act 2018 talks about recognizing their status as financial creditors and providing relief in home purchases. Also this bill talks about providing relief to micro, small and medium industries.

Explanations:

The Insolvency and Bankruptcy Amendment, Code Act 2018 talks about recognizing their status as financial creditors and providing relief in home purchases. Also this bill talks about providing relief to micro, small and medium industries.