Which of the following statements is/are correct about Strategic Debt Restructuring (SDR)? I. Under SDR, banks which have given loans to a corporate borrower have the right to convert the full or part of their loans into equity shares. II. The existing promoters are discontinued to hold majority stake in distressed companies.

• A.  I only
• B.  II only
• C.  Both [a] and [b]
• D.  None of these