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Question

Who shall appoint the Interim Resolution Professional?

A Adjudicating Authority on the insolvency commencement date Correct Answer Incorrect Answer
B The parties like the financial creditors, operational creditors, as the case may be making an application for the initiation of the CIRP Correct Answer Incorrect Answer
C Adjudicating Authority within fourteen days from the insolvency commencement date Correct Answer Incorrect Answer
D Adjudicating Authority on the recommendation of parties Correct Answer Incorrect Answer
E Either a or b Correct Answer Incorrect Answer

Solution

Section 16-Appointment and tenure of interim resolution professional- (1) The Adjudicating Authority shall appoint an interim resolution professional on the insolvency commencement date.

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