Refer to, “But stakeholders should keep expectations low, given that resolution of cases so far referred under IBC have been fraught with long delays and disputes.”

It is clear from above lines that author is not very hopeful regarding IBC proceedings in India since most of times such proceedings have taken too much time to complete and also most of times y have not been free from disputes regarding awards pronounced through such proceedings. All parties have not agreed to such awards ultimately.

Among given options, we can see that re is only Option E that explains correct opinion of author regarding IBC proceedings in India whereas all or statements can be eliminated due to fact that y do not follow from given passage.

There is an error in Part D of given sentence since here we imply that lenders should have followed up with issue of emergency funding commitment and preposition used here is of and it is not correct as per context of sentence. It should have been on here. There is no error in any or part of given sentence.

The correct sentence would have been:

  Debt restructuring was a more pragmatic course if y were worried about long delays under IBC but that required lenders to follow through on ir emergency funding commitment.

Refer to, “Not surprisingly, most potential suitors for Jet Airways backed off and just one conditional bid was received for a minority stake from strategic partner Etihad Airways. Later, Hinduja Group also threw its hat into ring. But lenders seem to have found se offers unappealing and have now decided to refer Jet to National Company Law Tribunal (NCLT) for insolvency proceedings.”

It is very much clear from above lines that lenders have not found bids submitted by Etihard Airways and Hinduja Group as acceptable and that is why y have rejected bids altoger and have referred case to National Company Law Tribunal.

Among given options, re is Option B that explains actual reason why lenders have not accepted bids submitted by parties in Jet Airways case whereas ors can be eliminated for fact that y do not follow from information given in passage.

If we take connotation of phrase in given passage we can find out that we are talking about a chivalrous person who comes to rescue of a woman in danger but here it can be used in a slightly different manner such as somebody who comes to rescue of a company which is in danger. None of given options explains this meaning of given phrase and that is why all se options can be eliminated from consideration.

Statement A is correct since it is stated in passage that owner of Jet Airways has been given a lot of chances to revive airline but it is hard to explain on what basis person has been given so many opportunities. The lenders should have handled situation in a better manner. Refer to, “First, Naresh Goyal was given an inordinately long rope by lenders which worked to detriment of everyone else. Thankfully prospect of a backdoor entry by promoter was thwarted.”

Statement B is also correct due to fact that it is hard to explain why lenders delayed in referring case to National Company Law Tribunal and also y decided to take majority stake without any valid reason. Therefore it has been case that lenders have shown lack of judgment in whole episode. Refer to, “But lenders’ decision to put off IBC route in favour of a majority equity stake for mselves is difficult to explain.”

Statement C is not correct since it is not correct as per information given in passage that SEBI has barred Jet Airways to tap market for raising funds for company. Hence this cannot be considered as a reason for failure of Jet Airways.

Here we can see that author is mainly disappointed with lenders for way in which y have handled case. They have only given a long rope to promoter group and also y have not taken appropriate decisions when required making it difficult to do something for company. Refer to, “Higher value could have been salvaged for all of Jet’s stakeholders, had lenders acted sooner and more decisively. The saga as it has played out has been beset with avoidable delays and wrong signals.”

Therefore, we can see that Option B points out main culprit as per author in given passage whereas all ors can be eliminated from consideration.

Refer to, “The debt-laden airline’s troubles began when it defaulted on a loan last December. Hectic salvage attempts at airline since n have come to naught.”

It is clear from above lines that company could not pay its loan installment last December and troubles began from re only. After that lenders also took notice of same and problems started spiralling for promoters of company forcing m to stop operations of airlines ultimately.

Among given options, we can see that Option C is correct pick since it gives us correct answer regarding trigger that sparked problems in Jet Airways. Ors can be eliminated since y do not follow from information given in passage.