XYZ company is under insolvency resolution process. It is estimated that the liquidation value (or estimated proceeds from sale of assets) is Rs. 3 million. The present capital structure of XYZ is as below:

	Rs. (in million)
Equity Share capital (face value of Rs.10 each)	6
Debentures	2
Bonds	2
TOTAL	10

The liquidation proceeds are expected to be amounting to Rs.3 million. Determine the amount that will be distributed to financial creditors i.e. debenture holders & bondholders respectively.

Group of answer choices

Rs.1 million to Debenture holders; Rs.2 million to bondholders

Rs.2 million to Debenture holders; Rs.1 million to bondholders

Rs.1.5 million each to debenture holders & bondholders resp.

Rs. 2 million to bondholders; Rs.1 million to Equity share holders