Question

Under Section 59 of IBC relating to voluntary liquidation of corporate persons, which of the following conditions must be met for a corporate person to initiate voluntary liquidation proceedings?

A The corporate person must be in default.
B The corporate person must have committed a default
C The corporate person must not have committed any default
D The corporate person must be facing insolvency.
E The corporate person must have a history of defaults.
Practice Next

Relevant for Exams:

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)