📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    Who can initiate Corporate Insolvency Resolution Process

    as per IBC?
    A Corporate Applicant Correct Answer Incorrect Answer
    B Corporate Debtor and Financial Creditor Correct Answer Incorrect Answer
    C Financial Creditor and Operational Creditor Correct Answer Incorrect Answer
    D Financial Creditor, Operational Creditor and Corporate Applicant 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.

    Practice Next
    More Other Laws and Acts Questions

    Relevant for Exams:

    ask-question