New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    Under section 34 relating to the appointment of a

    liquidator the _______________ shall propose the name of another insolvency professional along with written consent from the insolvency professional in the specified form
    A Central Government Correct Answer Incorrect Answer
    B Adjudicating Authority Correct Answer Incorrect Answer
    C National Company Law Tribunal Correct Answer Incorrect Answer
    D Either b or c Correct Answer Incorrect Answer
    E Insolvency and Bankruptcy Board of India Correct Answer Incorrect Answer

    Solution

    IBC  Insolvency and Bankruptcy Board of India, Explanation: Section 34-Appointment of liquidator and fee to be paid: (6) The Board shall propose the name of another insolvency professional along with written consent from the insolvency professional in the specified form within ten days of the direction issued by the Adjudicating Authority under sub-section (5).

    Practice Next