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5th July {Part 2} (in Hindi)
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Ayussh Sanghi is teaching live on Unacademy Plus

Ayussh Sanghi
Passionate Educator - CSE / Other Govt Exams [Peep into my Unacademy Plus Courses & experience awesome learning.]

U
Unacademy user
Sir g. you are an inspiration to me.
Vishal
a year ago
thanks Sir
Even I feel refresh by the sound and frequency of your voice. & the way you explain everything is almost perfect. Thank You.
sir upload the next parts please
tq sir....hat's off to ur energy
  1. Zakir Nailk says he wont return to India till he is Another road develops cracks L-G bound by 'aid and advice' ofMSP for paddy hiked by ?200 Delhi govt., says Constitution Bench sovereign. Historic increase, says Prime Minister rs the people who are so la case et dderece o se prolonged power tueCom me der, a r owa centhe Nationala, ting ogranno cauti con the It's collaborative o the LG the Supreme n keeping with the prome meven as be played dow speech, the Unkn Cabin to igher food prices. urriving upport peces (SJwas, cotoe also in Et a solution tbyatret khan crops so that they MSPs wece announced for 5th July, 2018 The Hindu + The Indian Express PIB + others


  2. Follow me: YouTube Youtube Channel- Ayussh Sanghi Tube Telegram Channel -ASanglhi Facebook Page - @ CAAyussh Sanghi OAyussh Sanghi's MCQ DIGEST


  3. PART 2


  4. ECONOMICS AND FINANCE O Ayussh Sanghi's MCO Digest


  5. Q The Insolvency and Bankruptcy Code passed by Lok Sabha in 2016, is seen as a one stop solution for resolving insolvencies which at present is a long process and does not offer an economically viable arrangement. Consider the following statements with respect to Insolvency and Bankruptcy Code: 1. The Code establishes the Insolvency and Bankruptcy Board of India (IBBI), to oversee the insolvency proceedings in the country and regulate the entities registered under it 2. The Code proposes two separate tribunals to oversee the process of insolvency resolution of individuals on one hand and companies and limited liability partnership firms on the other The Code creates time-bound processes for insolvency resolution of companies and individuals. These processes will be completed within 180 days 3. Which of the statements given above is/are correct? a) 1 and 3 only b) 2 and 3 only c) 1 and 2 only d) All are correct O Ayussh Sanghi's MCO Digest


  6. INSOLVENCY CASE BY HOMEBUYERS BBl amends norms The regulator puts in place timeframes to be adopted by RPs Insolvency and Bankruptcy Code The changes to the IBBI (IBC) The changes will provide more clarity on procedural re- quirements forvariousclasses of chomebuyers. ENSECONOMIC BUREAU NEW DELHI, JULY 4 regulations were necessitated after the government had issued cditmrsins THE INSOLVENCY and Bankruptcy Board of India (IBBI) on Wednesday issued revised tors, i "Wherever the corporate The details are not as important as the background ordinance last month debtor has classes of creditors norms to initiate i havingat leastten creditors inthe class, the interim resolutionpro- fessional shall offer a choice of three insolvency professionals... amending the IBC olution process, paving way for homebuyers to seek relief as fi- nancial creditors and allowing conditional withdrawal of insol vency applications, among other key changes. t transactions within a time toactas the authorised represen- line during the resolution tative of creditors in each class. . The insolvency profes- process The regulator put in place The changes to the IBBI sional, who is the choice of the timeframes to be adopted byres- (Insolvency Resolution Process highest number of creditors in olution professionals (RPs) and for Corporate Persons) regula- the class, shall be appointed as stipulated that an RP should as tions were necessitated afterthe the authorised representative of sess whether a corporate debtor govemment had issued an ordi creditors of the respective class," had indeed indulged in fraudu- nance last month amending the an official release said. FE TWENTIETH PAGE- THE INDIAN EXPRESS


  7. INSOLVENCY AND BANKRUPTCY CODE 2015- HIGHLIGHTS A. The Code creates time-bound processes for insolvency resolution of companies and individuals. These processes will be completed within 180 days. f insolvency cannot be resolved, the assets of the borrowers may be sold to repay creditors. B. The resolution processes will be conducted by licensed insolvency professionals (IPs). These IPs will be members of insolvency professional agencies (IPAs). IPAs will also furnish performance bonds equal to the assets of a company under insolvency resolution. information to facilitate insolvency resolution. companies. The Debt Recovery Tribunal (DRT) ll adjudicate insolvency resolution C. Information utilities (IUs) will be established to collect, collate and disseminate financial D. The National Company Law Tribunal (NCLT) will adjudicate insolvency resolution for for individuals. E. Insolvency regulator: The Code establishes the Insolvency and Bankruptcy Board of India (IBBI), to oversee the insolvency proceedings in the country and regulate the entities registered under it. The Board will have 10 members, including representatives from the Ministries of Finance and Law, and the Reserve Bank of India. O Ayussh Sanghi's MCO Digest


  8. Q The Insolvency and Bankruptcy Code passed by Lok Sabha in 2016, is seen as a one stop solution for resolving insolvencies which at present is a long process and does not offer an economically viable arrangement. Consider the following statements with respect to Insolvency and Bankruptcy Code: 1. The Code establishes the Insolvency and Bankruptcy Board of India (IBBI), to oversee the insolvency proceedings in the country and regulate the entities registered under it 2. The Code proposes two separate tribunals to oversee the process of insolvency resolution of individuals on one hand and companies and limited liability partnership firms on the other The Code creates time-bound processes for insolvency resolution of companies and individuals. These processes will be completed within 180 days 3. Which of the statements given above is/are correct? a) 1 and 3 only b) 2 and 3 only c) 1 and 2 only d) All are correct O Ayussh Sanghi's MCO Digest


  9. SCIENCE AND TECHNOLOGY CAyussh Sanghi's MCQ Digest


  10. Q - The 'pad abort test' (PAT) is related to? a) Help space crew to abort from space flight in case of emergency b) Safely parachute fighter pilots from fighter aircrafts c) It is a part of ISRO's Human Space Flight Programme (HSP) d) Both (a) and (c) O Ayussh Sanghi's MCO Digest


  11. ISRO Pad Abort Test . A Pad Abort Test is a trial run for a spacecraft's launch abort system (sometimes called a launch escape system). This system is designed to quickly get the crew and spacecraft away from the rocket in the event of a potential failure. It is similar to an ejection seat for a fighter pilot, but instead of ejecting the pilot out of the spacecraft, the entire spacecraft is "ejected" away from the launch vehicle. The test is one of the many main and supporting technologies that ISRO is developing ahead of its ambitious Human Space Flight Programme (HSP) O Ayussh Sanghi's MCO Digest