Question
A financial creditor either by itself or jointly with
other financial creditors, or any other person on behalf of the financial creditor, as may be notified by the Central Government, may file an application for initiating corporate insolvency resolution process against a corporate debtor before the Adjudicating Authority when_____________Solution
‘IBC’ Section 7-Initiation of corporate insolvency resolution process by financial creditor: (1) A financial creditor either by itself or jointly with other financial creditors, or any other person on behalf of the financial creditor, as may be notified by the Central Government, may file an application for initiating corporate insolvency resolution process against a corporate debtor before the Adjudicating Authority when a default has occurred. Provided that for the financial creditors, referred to in clauses (a) and (b) of the sub-section (6A) of the section 21, an application for initiating corporate insolvency resolution process against the corporate debtor shall be filed jointly by not less than one hundred of such creditors in the same class or not less than ten percent. of the total number of such creditors in the same class, whichever is less.
Statements:
Some Black are Red.
Some Red are White.
Only White is Green.
Conclusion:
I. All Black can be Green.<...
Statements:
All Telegram are Office.
Some Letter are Office.
Some Mail are Letter.
No Letter is Posts.
Conclusions:
In the question below some statements are given followed by three conclusions I, II, and III. You have to take the given statements to be true even if ...
In the question below some statements are given followed by three conclusions I, II, and III. You have to take the given statements to be true even if ...
Statements:Â Â Â Â Â Â Â
Some Mobile are Sim
All Mobile are Cable
No Cable is an Adapter
Only a few Cups are Adapter
Three statements are given followed by two conclusions numbered I and II. Assuming the statements to be true, even if they seem to be at variance with ...
In the question below there are three statements followed by three conclusions I, II and III. You have to take the four given statements to be true eve...
Statement
Only a few Pumpkins are Apples
All Apples are Oranges
No Orange is a Pear
Conclusion
I. Some Pears are not ...
Statement:
Only a few beautiful are smart.
All smart are handsome.
No handsome is ugly.
Conclusion:
I. Some beautiful...
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at varianc...
