What is the mandatory time limit for the completion of the CIRP?
Section 12 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, (2) The resolution professional shall file an application to the Adjudicating Authority to extend the period of the corporate insolvency resolution process beyond one hundred and eighty days, if instructed to do so by a resolution passed at a meeting of the committee of creditors by a vote of (2) The resolution professional shall file an application to the Adjudicating Authority to extend the period of the corporate insolvency resolution process beyond one hundred and eighty days, if instructed to do so by a resolution passed at a meeting of the committee of creditors by a vote of, (3) Provided further that the corporate insolvency resolution process shall mandatorily be completed within a period of three hundred and thirty days from the insolvency commencement date, including any extension of the period of corporate insolvency resolution process granted under this section and the time taken in legal proceedings in relation to such resolution process of the corporate debtor.
Vishal invested Rs. 3750 at 20% p.a. simple interest for 3 years. After 3 years, he invested the amount received by him at the 20% p.a. compound interes...
In what time will Rs. 21000 amount to Rs. 27951 @ 10% compound interest?
A borrowed Rs. 5200 from B for his business. How much amount A will return to B at the end of 15 months such that the sum was borrowed at simple interes...
A deposited Rs. 5000 at 18% per annum compound interest in scheme A for 2 years. After 2 years, he deposited total amount at 10% simple interest per ann...
The simple interest received on a certain sum is Rs. 250 less than the sum invested. If the sum was invested at 15% p.a. for 4 years, then find the simp...
Difference between CI and SI on a sum for 3 year at 20% p.a. is 176. Find the simple interest on the sum after 2 years at 10% p.a.
A man deposited 25% of his salary to a bank which offers compound interest at the rate of 10% p.a. If the interest earned by him from the bank after 2 y...
A person takes loan of Rs. 20,000 on the condition that he would pay it in the monthly instalment of Rs. 2,500. He has to pay interest @ 16% on the outs...
The time required for a sum of money to amount to five times itself at 16% simple interest p.a. will be
The difference between the simple interest for two years and the compound interest for one year on a sum of money is Rs.273. In which compound interest ...