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    Question

    As per the IBC Insolvency Commencement date means___________________

    A Date of supply of goods and services Correct Answer Incorrect Answer
    B Date on which an application is made to the adjudicating authority Correct Answer Incorrect Answer
    C Date of admission of an application for initiating CIRP by the Adjudicating Authority Correct Answer Incorrect Answer
    D All the above Correct Answer Incorrect Answer
    E Either (b) or (c) Correct Answer Incorrect Answer

    Solution

    Date of admission of an application for initiating CIRP by the Adjudicating Authority, Explanation: Section 5 Definitions- (12) “insolvency commencement date” means the date of admission of an application for initiating corporate insolvency resolution process by the Adjudicating Authority under sections 7, 9 or section 10, as the case may be.

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