Start learning 50% faster. Sign in now
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.
The vegetative propagation method that is suitable for the propagation of sapota………………….
King of Pippin is the variety of ......
Which components make up the xylem in angiosperms?
Which state producing highest Mango ?
A rose is either a woody perennial flowering plant which has over three hundred species and tens of thousands of cultivars. The flower is popularly kn...
Botanical name of African marigold is -
Making an incision below a bud to retard its growth is called ?
The phase during which a seedling is most susceptible to pests and damping-off diseases is:
Which alkaloid found in Periwinkle is used in cancer treatment?
Mughal garden is an example of which type of garden?