alleryStart learning →An unlisted public firm's bank loans must exceed what sum to be covered?
AExceeding Rs 200 crore
BExceeding Rs 50 crore
CExceeding Rs 100 crore
DExceeding Rs 25 crore
Answer & Solution
Correct answer: C. Exceeding Rs 100 crore
The borrowings test in clause (b)(iii) applies when outstanding bank or public financial institution loans exceed Rs 100 crore.
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