Question

    The liquidator shall hold the liquidation estate as a fiduciary for the benefit of_______________

    A All the creditors Correct Answer Incorrect Answer
    B Corporate Debtor Correct Answer Incorrect Answer
    C Financial Creditor Correct Answer Incorrect Answer
    D Operational Creditor Correct Answer Incorrect Answer
    E Either a, b, c or d Correct Answer Incorrect Answer

    Solution

    IBC  All the creditors, Explanation: Section 36-Liquidation estate: (2) The liquidator shall hold the liquidation estate as a fiduciary for the benefit of all the creditors.

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