Question

The fast-track corporate insolvency resolution process shall be completed within ___________

A A period of thirty days from the insolvency commencement date Correct Answer Incorrect Answer
B A period of ninety days from the insolvency commencement date Correct Answer Incorrect Answer
C A period of two-eighty days from the insolvency commencement date Correct Answer Incorrect Answer
D A period of three-thirty days from the insolvency commencement date Correct Answer Incorrect Answer
E A period of three-eighty days from the insolvency commencement date Correct Answer Incorrect Answer

Solution

Section 56-Time period for completion of fast- track corporate insolvency resolution process- (1) Subject to the provisions of sub-section (3), the fast -track corporate insolvency resolution process shall be completed within a period of ninety days from the insolvency commencement date.

Practice Next
×
×