To make surety bond business more attractive, the government is going to make relevant changes in the Insolvency and Bankruptcy Code (IBC) to consider insurers as financial creditor in case of default of infra projects. The surety bond issued by a general insurance company is a three-party contract by which one party (the surety) guarantees the performance or obligations of a second party (the principal) to a third party (the obligee). The surety is a company that provides the financial guarantee to the obligee (usually a government entity) that the principal (business owner) will fulfil their obligations. The Ministry of Corporate Affairs is looking into concerns raised by the insurers that they should have resort to recovery on par with the banks as forwarded by the Department of Financial Services under the finance ministry. Thus, relevant changes would be made in IBC to provide financial creditor status to the insurer under the resolution process.
FRI ( forest research institute ) was established is located at
Surface ropiness in milk is caused by:
Which Institute had developed Karan Fries breed?
Which silkworm species feeds on oak leaves and is known for producing oak tasar silk?
INM comprises of
Jellies and jams are rarely affected by bacterial action.
Caculate the amount of urea fr 4000 m2 area if nitrogen appication rate is 120 kg/ha
_____________ weed is the alternate. Weed hoat for Ergot disonso in Penrl millet.
Internal necrosis in mango and internal cork in apple is due to the deficiency of
Plants drawing its water supply from near the water table are ______
