Question
Can the extension of the period of corporate insolvency
resolution process be granted more than once as per the IBC section 12?Solution
Section 12-Time-limit for completion of insolvency resolution process: (3) On receipt of an application under sub-section (2), if the Adjudicating Authority is satisfied that the subject matter of the case is such that corporate insolvency resolution process cannot be completed within one hundred and eighty days, it may by order extend the duration of such process beyond one hundred and eighty days by such further period as it thinks fit, but not exceeding ninety days:Provided that any extension of the period of corporate insolvency resolution process under this section shall not be granted more than once.
In the question below there are three statements followed by two conclusions I and II. You have to take the three given statements to be true even if t...
Statements:
Some pole are rope.
Some rope are tyre.
Only tyre is wheel.
Some engine are tyre.
Conclusions:
I. ...
Statement : Â Â Â Â Â Â
Some plugs are tablets.                           Â
No tablet is a door.   �...
Statements-:
All Child are Students
No Student is Teacher
Only Staff are Teacher
Conclusions-:
I. Some Childs are Teacher
II. Some Staff are child.
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at varianc...
Conclusions:
I. No Lid being Utensil is a possibility.
II. Some Spoons are not Plates.
III. Some Spoons are Cups.
Statements:
In the question below some statements are given followed by three conclusions I, II and III. You have to take the given statements to be true even if t...
Statements:a.Some dogs are not rats
b. Some rats are lions
Conclusions:I. Some dogs are not lions
II. Some lions are not dogs
In each question below are given two statements followed by two conclusions numbered I and II. You have to take the two given statements to be true eve...
In the question below consists of three statements followed by five conclusions. Assume the given statements to be true even if they seem to be at vari...
