Question
Under the IBC, who takes over the active management of
the debtor company once the application is admitted?Solution
Upon admission, the existing management is suspended and a licensed Resolution Professional (RP) is appointed to manage the company's affairs. Once an insolvency application is admitted under the Insolvency and Bankruptcy Code (IBC), the powers of the existing Board of Directors are immediately suspended. Active management of the debtor company is entirely taken over by a qualified Insolvency Resolution Professional (IRP or RP)
Which agribusiness company is planning to invest Rs 300 crore over the next 3-4 years to set up an integrated palm oil complex, including a crude palm o...
Which of the following statements about the 38th National Games are correct?
1. Uttarakhand is hosting the National Games for the first time.
...- Who received the 2025 Abel Prize, often described as the "Nobel Prize of Mathematics"?
Which Indian state recently became the first to implement a 'Right to Water' law?
Recently, where was the “World Green Economy Forum” launched?
Which of the following is an INCORRECTLY stated social impact of the Green Revolution?
Which of the following planets is also called the "morning star" and the "evening star"?
Which ancient city in Uttar Pradesh is known as the oldest continuously inhabited city in the world?
With reference to the 'BIMSTEC Youth Summit 2025,' consider the following statements:
1. It was held in Gandhinagar, Gujarat.
2. The theme...
Who captained the Indian U19 Women’s team to their first ICC U19 Women’s T20 World Cup title in 2023?
