New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    According to the IBC the Adjudicating Authority, in

    relation to insolvency resolution and liquidation for corporate persons including corporate debtors and personal guarantors thereof shall be the _____________
    A Debt Recovery Tribunal Correct Answer Incorrect Answer
    B National Company Law Tribunal Correct Answer Incorrect Answer
    C Debt Recovery Appellate Tribunal Correct Answer Incorrect Answer
    D National Company Law Appellate Tribunal Correct Answer Incorrect Answer
    E Both a & b Correct Answer Incorrect Answer

    Solution

    Section 60-Adjudicating Authority for corporate persons: (1) The Adjudicating Authority, in relation to insolvency resolution and liquidation for corporate persons including corporate debtors and personal guarantors thereof shall be the National Company Law Tribunal having territorial jurisdiction over the place where the registered office of the corporate person is located.

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