📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      Corporate insolvency resolution process shall

      mandatorily be completed within a period of ___________________ from the insolvency commencement date, including any extension of the period of corporate insolvency resolution process granted under this section and the time taken in legal proceedings in relation to such resolution process of the corporate debtor
      A 180 days Correct Answer Incorrect Answer
      B 280 days Correct Answer Incorrect Answer
      C 330 days Correct Answer Incorrect Answer
      D At the discretion of the NCLT Correct Answer Incorrect Answer

      Solution

      Explanation: Section 12-Time-limit for completion of insolvency resolution process- the corporate insolvency resolution process shall mandatorily be completed within a period of three hundred and thirty days from the insolvency commencement date, including any extension of the period of corporate insolvency resolution process granted under this section and the time taken in legal proceedings in relation to such resolution process of the corporate debtor.

      Practice Next
      More Administrative Interpretation and Maxims Questions
      ask-question