Question
The liquidator shall hold the liquidation estate as a
fiduciary for the benefit of_______________Solution
IBCÂ 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.
More Administrative Interpretation and Maxims Questions
Given CRR = 4 % and SLR = 16 % , the value of the money multiplier is:
The acronym SRO, being used in the capital market for various market participants, stands for which one of the following?
What is the characteristic of call money in finance?
Which of the following is/are Correctly matched?