Question

    Who shall hold the liquidation estate as a fiduciary for

    the benefit of all the creditors?
    A Liquidator Correct Answer Incorrect Answer
    B Corporate debtor Correct Answer Incorrect Answer
    C Financial Creditor Correct Answer Incorrect Answer
    D Operational Creditor Correct Answer Incorrect Answer

    Solution

     IBC Section 36(2) The liquidator shall hold the liquidation estate as a fiduciary for the benefit of all the creditors.

    Practice Next