New 55% Off on All Courses - Enroll Now! Click Here

    Question

    The corporate insolvency resolution process shall be

    completed _______________ from the date of admission of the application to initiate such process
    A Within a period of ninety days Correct Answer Incorrect Answer
    B After a period of one hundred and eighty days Correct Answer Incorrect Answer
    C Within a period of one hundred and eighty days Correct Answer Incorrect Answer
    D Within a period of three hundred and thirty days Correct Answer Incorrect Answer
    E Within such time period as the Board may specify from time to time Correct Answer Incorrect Answer

    Solution

    IBC  Section 12-Time-limit for completion of insolvency resolution process: (1) Subject to sub-section (2), the corporate insolvency resolution process shall be completed within a period of one hundred and eighty days from the date of admission of the application to initiate such process.

    Practice Next