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

    Question

    The term resolution professional has been defined under

    the IBC as_______________
    A An insolvency professional appointed to conduct the corporate insolvency resolution process Correct Answer Incorrect Answer
    B An insolvency professional appointed to conduct the prepackaged insolvency resolution process Correct Answer Incorrect Answer
    C An insolvency professional appointed to conduct the corporate insolvency resolution process or the prepackaged insolvency resolution process, as the case may be, does not include an interim resolution professional Correct Answer Incorrect Answer
    D An insolvency professional appointed to conduct the corporate insolvency resolution process or the prepackaged insolvency resolution process, as the case may be, and includes an interim resolution professional Correct Answer Incorrect Answer
    E Either a or b Correct Answer Incorrect Answer

    Solution

    An insolvency professional appointed to conduct the corporate insolvency resolution process or the prepackaged insolvency resolution process, as the case may be, and includes an interim resolution professional, Explanation: Section 5(27) (27) “resolution professional”, for the purposes of this Part, means an insolvency professional appointed to conduct the corporate insolvency resolution process or the prepackaged insolvency resolution process, as the case may be, and includes an interim resolution professional.

    Practice Next
    More Administrative Interpretation and Maxims Questions
    ask-question