The simplest form of revival is ordinary revival. It is a process of reviving a company that is in financial difficulty. It involves the company’s management and its creditors working together to come up with a plan to repay the company’s debts. The plan may involve selling assets, cutting costs, or raising new capital.
Special revival is a more complex form of revival. It is used when a company is in serious financial difficulty and is likely to go bankrupt. It involves the appointment of a special administrator to take control of the company and sell its assets. The proceeds of the sale are used to repay the company’s debts.
Instalment revival is a form of revival that is used when a company is in financial difficulty but is not likely to go bankrupt. It involves the company’s management and its creditors agreeing to a payment plan for the company to repay its debts.
The correct answer is A. Ordinary revival.