Question
When can the Adjudicatory Authority order the
replacement of the resolution professional to act as the liquidator?Solution
Section 34-Appointment of liquidator and fee to be paid: (4) The Adjudicating Authority shall by order replace the resolution professional, if— (a) the resolution plan submitted by the resolution professional under section 30 was rejected for failure to meet the requirements mentioned in sub-section (2) of section 30; or (b) the Board recommends the replacement of a resolution professional to the Adjudicating Authority for reasons to be recorded in writing in; or (c) the resolution professional fails to submit written consent under sub-section (1).
A man purchased an article for Rs 2,000. He sold it to the first customer at a 10% loss, and the first customer then sold it to the second customer at a...
- A vegetable seller buys 12 kg of potatoes at Rs. 40 per kg. While selling, he uses a faulty weight that shows 1250 grams instead of 1000 grams but claims t...
Axe and Wye purchases the Bikes at same price and later on Zed purchase both the bikes at the same price of Rs. 72000. But the profit % of Axe was A% wh...
The difference between the cost price and sale price of an article is Rs.680 and the profit is 32%. Find the selling price.
A shopkeeper marked up his articles 50% above its cost price and sold it after two successive discounts of 15% and 30%, respectively. Find his profit pe...
Selling price of article ‘A’ when sold at a profit of 60% is Rs. 190 more than its selling price when sold at a loss of 16%. If the cost price of ar...
Article ‘P’, if sold at a profit of 20% earns a profit of Rs. 500. If article ‘P’ is marked 40% above its cost price and then sold after offerin...
A person buys books at Rs. 300 for 5 and sells them at Rs.740. How many books must he sell in order to earn profit of Rs. 3,520?
The combined cost price of items X and Y is ₹ 450 and the overall profit after selling both is 20%. If the selling price of X is ₹ 300, what is ...
A shopkeeper sold an article at the profit of 15% and also while weighing used a weight of 920 gms. in place of 1 kg. Find out his actual total profit%?
Relevant for Exams:
