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Question

Who is a corporate guarantor as per IBC?

A Person to whom a financial debt is owed Correct Answer Incorrect Answer
B Person who is the surety in a contract of guarantee to a corporate debtor Correct Answer Incorrect Answer
C Corporate person who is the surety in a contract of guarantee to a corporate debtor Correct Answer Incorrect Answer
D Either a or b or c Correct Answer Incorrect Answer
E Both a & b Correct Answer Incorrect Answer

Solution

Section 5-Definitions: (5A) “corporate guarantor” means a corporate person who is the surety in a contract of guarantee to a corporate debtor.

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