New 55% Off on All Courses - Enroll Now! Click Here

    Question

      The pre-packaged insolvency resolution process shall

    commence from ________________
    A The date of application Correct Answer Incorrect Answer
    B The date of admission of the application Correct Answer Incorrect Answer
    C The date of rejection of the application Correct Answer Incorrect Answer
    D The date of submission of the application Correct Answer Incorrect Answer
    E The date the Authority specifies as such Correct Answer Incorrect Answer

    Solution

    Section 54C-Application to initiate prepackaged insolvency resolution process: (5) The pre-packaged insolvency resolution process shall commence from the date of admission of the application under clause (a) of sub-section (4).

    Practice Next