Mentor’s comment-
- https://indianexpress.com/
article/opinion/columns/ insolvency-law-ibc-corporate- debt-resolution-bankruptcy- code-nirmala-sitharaman- 6704399/ - In the intro, briefly define the ARC.
- In the body mention the role played by the ARC under IBC. Next, mention how their role is constrained by the present rule which allows them to buy the credit by not the equity of the firm under IBC resolution. In the measures suggest allowing them to buy the equity along with the debt, exploring the scope of insurance for their assets etc.
- Conclude by mentioning the strengthening of the resolution system in the country and an important role played by the ARCs in it.
Comments
2 responses to “What are the Asset Reconstruction Companies (ARC)? What are the challenges ARCs face under the IBC and suggest the measures to increase the role of ARCs in turning around a distressed business. 10 marks”
tiwarisamiksha6@gmail.com
Hi Samikhsa
In the introduction, write the full form, like this- Asset Reconstruction Companies (ARC) .
Good introduction.
Thumbs up for the structure of the answer,
Issues and measures are discussed decently.
After writing the issues, also mention the impact of these issues in 3-4 lines.
Good conclusion.
A good attempt.
Persistence is the key to success, keep writing, you will succeed.