New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    The liquidator shall form an estate of the assets of the

    corporate debtor during liquidation process which is known as______________
    A Liquidation Asset Correct Answer Incorrect Answer
    B Liquidation Estate Correct Answer Incorrect Answer
    C Liquidation property Correct Answer Incorrect Answer
    D Either a, b or c Correct Answer Incorrect Answer
    E All a, b & c Correct Answer Incorrect Answer

    Solution

    IBC  Liquidation estate, Explanation: Section 36-Liquidation estate: (1) For the purposes of liquidation, the liquidator shall form an estate of the assets mentioned in sub-section (3), which will be called the liquidation estate in relation to the corporate debtor.

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