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      Question

      Under IBC, who can initiate insolvency proceedings

      against a corporate debtor?
      A Only creditors Correct Answer Incorrect Answer
      B Only the debtor itself Correct Answer Incorrect Answer
      C Only financial institutions Correct Answer Incorrect Answer
      D Financial creditors, operational creditors, or the debtor itself Correct Answer Incorrect Answer
      E Only the NCLT Correct Answer Incorrect Answer

      Solution

      Under the Insolvency and Bankruptcy Code (IBC), any of these parties may file an application before the National Company Law Tribunal (NCLT) to initiate insolvency proceedings.

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