Bankruptcy Law Reforms Committee submits report

Q.  Bankruptcy Law Reform committee submitted its report to Union Ministry of Finance on 4th November 2015. Who is heading this committee?
- Published on 06 Nov 15

a. M. S. Swaminathan
b. Raghuram Rajan
c. T. K. Viswanathan
d. None of the above

ANSWER: T. K. Viswanathan
 
Bankruptcy Law Reform Committee has submitted its report to the Union Ministry of Finance on November 4, 2015. Report of the BLRC involves rational and a comprehensive draft insolvency and Bankruptcy Bill covering various entities. Bill proposes to set up an Insolvency Regulatory and deemed the DRT and NCLAT shall be adjudicating authorities with respect to individuals and unlimited liability partnership firms.

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