New Enroll in our GIC Finance Online Course Here!

    Register

    Question

    An application for initiating pre-packaged insolvency

    resolution process may be made in respect of ___________________ as laid down under the IBC
    A Corporate debtor Correct Answer Incorrect Answer
    B Corporate applicant Correct Answer Incorrect Answer
    C Corporate debtor classified as a micro, small or medium enterprise Correct Answer Incorrect Answer
    D Corporate debtor not classified as a micro, small or medium enterprise Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Section 54A- Corporate debtors eligible for pre-packaged insolvency resolution process: (1) An application for initiating pre-packaged insolvency resolution process may be made in respect of a corporate debtor classified as a micro, small or medium enterprise under sub-section (1) of section 7 of the Micro, Small and Medium Enterprises Development Act, 2006.

    Practice Next