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      Question

      Who forms the Committee of Creditors (CoC) under the

      corporate insolvency process of the IBC?
      A All operational creditors and equity shareholders Correct Answer Incorrect Answer
      B All financial creditors of the debtor company Correct Answer Incorrect Answer
      C Only the top three secured banks Correct Answer Incorrect Answer
      D Representatives from the IBBI, RBI, and NCLT Correct Answer Incorrect Answer
      E Only unsecured trade vendors Correct Answer Incorrect Answer

      Solution

      All financial creditors come together to form the Committee of Creditors (CoC), and they collectively vote on key insolvency decisions.

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