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On 31st March 2019 , the capital structure of PQR Ltd showed Debentures worth Rs. 55,00,000 on which the Interest at 10% p.a. was outstanding

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On 31st March 2019 , the capital structure of PQR Ltd showed Debentures worth Rs. 55,00,000 on which the Interest at 10% p.a. was outstanding for last two years. Under the internal reconstruction scheme, they were handed over the Freehold property having book value of Rs. 50,00,000 and realizable value of Rs. 62,00,000 in full settlement of their dues. The Capital Reduction account will be credited by (a) 4,00,000 (b) 12,00,000 (c) 16,00,000 (d) None of these

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