📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    As laid down under section 7 of the IBC the financial

    creditor shall, along with the application furnish________________
    A Record of the default recorded with the information utility or such other record or evidence of default as may be specified Correct Answer Incorrect Answer
    B Name of the resolution professional proposed to act as an interim resolution professional Correct Answer Incorrect Answer
    C Any other information as may be specified by the Adjudicating Authority Correct Answer Incorrect Answer
    D Both a & b Correct Answer Incorrect Answer

    Solution

    Section 7-Initiation of corporate insolvency resolution process by financial creditor: (3) The financial creditor shall, along with the application furnish(a) record of the default recorded with the information utility or such other record or evidence of default as may be specified;(b) the name of the resolution professional proposed to act as aninterim resolution professional; and(c) any other information as may be specified by the Board.

    Practice Next
    More Administrative Interpretation and Maxims Questions
    ask-question