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    Question

    The Fast Track CIRP completion period can be extended by

    a resolution passed at a meeting of the committee of creditors and supported by______________
    A 50% of the voting share Correct Answer Incorrect Answer
    B 65% of the voting share Correct Answer Incorrect Answer
    C 66% of the voting share Correct Answer Incorrect Answer
    D 75% of the voting share Correct Answer Incorrect Answer

    Solution

    Section 56-Time period for completion of fast-track corporate insolvency resolution process- (2) The resolution professional shall file an application to the Adjudicating Authority to extend the period of the fast-track corporate insolvency resolution process beyond ninety days if instructed to do so by a resolution passed at a meeting of the committee of creditors and supported by a vote of seventy five percent of the voting share

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