Question

    Who is the Corporate Debtor as per the Insolvency and Bankruptcy Code?

    A Corporate applicant who owes a debt Correct Answer Incorrect Answer
    B A legal entity owes a debt to any person Correct Answer Incorrect Answer
    C Company who borrows from any company Correct Answer Incorrect Answer
    D Corporate person who owes a debt to any person Correct Answer Incorrect Answer

    Solution

    IBC Section 3(8) “corporate debtor” means a corporate person who owes a debt to any person

    Practice Next