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    Question

    What is the time period within which the liquidator should communicate his decision of admission or rejection of claims to the creditor and corporate debtor as per IBC?

    A 7 days Correct Answer Incorrect Answer
    B 15 days Correct Answer Incorrect Answer
    C 60 days Correct Answer Incorrect Answer
    D 90 days Correct Answer Incorrect Answer

    Solution

    Section 40(2) - The liquidator shall communicate his decision of admission or rejection of claims to the creditor and corporate debtor within seven days of such admission or rejection of claims.

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