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    Question

    Who are the persons who are not eligible to make an

    application for the initiation of the corporate insolvency resolution process under the IBC?
    A Financial creditor Correct Answer Incorrect Answer
    B Corporate debtor Correct Answer Incorrect Answer
    C Operational creditor Correct Answer Incorrect Answer
    D Financial service provider Correct Answer Incorrect Answer

    Solution

    Section 6-Persons who may initiate corporate insolvency resolution process: Where any corporate debtor commits a default, a financial creditor, an operational creditor or the corporate debtor itself may initiate corporate insolvency resolution process in respect of such corporate debtor in the manner as provided under this Chapter.

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