Question

The liquidator shall hold the liquidation estate as a fiduciary for the benefit of_______________

A All the creditors Correct Answer Incorrect Answer
B Corporate Debtor Correct Answer Incorrect Answer
C Financial Creditor Correct Answer Incorrect Answer
D Operational Creditor Correct Answer Incorrect Answer
E Either a, b, c or d Correct Answer Incorrect Answer

Solution

IBC  All the creditors, Explanation: Section 36-Liquidation estate: (2) The liquidator shall hold the liquidation estate as a fiduciary for the benefit of all the creditors.

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