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    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.

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