Who shall appoint the Interim Resolution Professional?
AAdjudicating Authority on the insolvency commencement dateCorrect AnswerIncorrect Answer
BThe parties like the financial creditors, operational creditors, as the case may be making an application for the initiation of the CIRPCorrect AnswerIncorrect Answer
CAdjudicating Authority within fourteen days from the insolvency commencement dateCorrect AnswerIncorrect Answer
DAdjudicating Authority on the recommendation of partiesCorrect AnswerIncorrect Answer
EEither a or bCorrect AnswerIncorrect 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.