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    Question

    As per section 7 of the IBC who is considered as an

    applicant.
    A Corporate person Correct Answer Incorrect Answer
    B Corporate Debtor Correct Answer Incorrect Answer
    C Financial Creditor Correct Answer Incorrect Answer
    D Operational Creditor Correct Answer Incorrect Answer

    Solution

    Financial Creditor, Section 7(1) A financial creditor either by itself or jointly with other financial creditors, or any other person on behalf of the financial creditor, as may be notified by the Central Government, may file an application for initiating corporate insolvency resolution process against a corporate debtor before the Adjudicating Authority when a default has occurred.

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