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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.

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