New Click here to enroll in UIICL SO Finance and Investment Course

    Register

    Question

    As per the IBC the Adjudicating Authority, in relation to insolvency resolution and liquidation for corporate persons including corporate debtors and personal guarantors thereof shall be_______________________

    A The National Law Tribunal having territorial jurisdiction over the place where the registered office of the corporate person is located Correct Answer Incorrect Answer
    B The National Company Law Tribunal having territorial jurisdiction over the place where the registered office of the corporate person is located Correct Answer Incorrect Answer
    C The National Company Law Appellate Tribunal having territorial jurisdiction over the place where the registered office of the corporate person is located Correct Answer Incorrect Answer
    D The Company Law Tribunal having territorial jurisdiction over the place where the registered office of the corporate person is located Correct Answer Incorrect Answer
    E The Insolvency and Bankruptcy Board of India having territorial jurisdiction over the place where the registered office of the corporate person is located Correct Answer Incorrect Answer

    Solution

    IBC Section 60-Adjudicating Authority for corporate persons: (1) The Adjudicating Authority, in relation to insolvency resolution and liquidation for corporate persons including corporate debtors and personal guarantors thereof shall be the National Company Law Tribunal having territorial jurisdiction over the place where the registered office of the corporate person is located.

    Practice Next