Question

Who shall constitute the Committee of Creditors as the IBC?

A Resolution Professional Correct Answer Incorrect Answer
B Central Government Correct Answer Incorrect Answer
C Interim Resolution Professional Correct Answer Incorrect Answer
D Insolvency and Bankruptcy Board of India Correct Answer Incorrect Answer
E Supreme Court Correct Answer Incorrect Answer

Solution

Section 21-Committee of creditors- (1) The interim resolution professional shall after collation of all claims received against the corporate debtor and determination of the financial position of the corporate debtor, constitute a committee of creditors.

Practice Next
×
×