New RBI Grade B Notification Coming Soon... Prepare with Us!! Click here to enroll

    Register

    Question

    According to the IBC the liquidator shall communicate his decision of admission or rejection of claims to the creditor and corporate debtor within ______________ of such admission or rejection of claims

    A Seven days Correct Answer Incorrect Answer
    B Fifteen days Correct Answer Incorrect Answer
    C Fourteen days Correct Answer Incorrect Answer
    D Thirty days Correct Answer Incorrect Answer
    E Ninety days Correct Answer Incorrect Answer

    Solution

    Section 40-Admission or rejection of claims: (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.

    Practice Next
    ×
    ×