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    Question

    The fast-track corporate insolvency resolution process

    shall be completed within ___________
    A A period of thirty days from the insolvency commencement date Correct Answer Incorrect Answer
    B A period of ninety days from the insolvency commencement date Correct Answer Incorrect Answer
    C A period of two-eighty days from the insolvency commencement date Correct Answer Incorrect Answer
    D A period of three-thirty days from the insolvency commencement date Correct Answer Incorrect Answer
    E A period of three-eighty days from the insolvency commencement date Correct Answer Incorrect Answer

    Solution

    Section 56-Time period for completion of fast- track corporate insolvency resolution process- (1) Subject to the provisions of sub-section (3), the fast -track corporate insolvency resolution process shall be completed within a period of ninety days from the insolvency commencement date.

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