New RBI Grade B Notification Coming Soon... Prepare with Us!! Click here to enroll

    Register

    Question

    Who shall appoint the Interim Resolution Professional?

    A Adjudicating Authority on the insolvency commencement date Correct Answer Incorrect Answer
    B The parties like the financial creditors, operational creditors, as the case may be making an application for the initiation of the CIRP Correct Answer Incorrect Answer
    C Adjudicating Authority within fourteen days from the insolvency commencement date Correct Answer Incorrect Answer
    D Adjudicating Authority on the recommendation of parties Correct Answer Incorrect Answer
    E Either a or b Correct Answer Incorrect Answer

    Solution

    Section 16-Appointment and tenure of interim resolution professional- (1) The Adjudicating Authority shall appoint an interim resolution professional on the insolvency commencement date.

    Practice Next
    ×
    ×