New How to prepare ESI for NABARD Prelims & Mains- Sources & Strategy
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Question

What does resolution plan mean?

A Resolution plan provided by the corporate debtor under section 54A Correct Answer Incorrect Answer
B Plan proposed by any person for insolvency resolution of the corporate debtor as a going concern in accordance with Part II; Correct Answer Incorrect Answer
C Both a & b Correct Answer Incorrect Answer
D Plan proposed by resolution applicant for insolvency resolution of the corporate debtor as a going concern in accordance with Part II Correct Answer Incorrect Answer
E All a b & c Correct Answer Incorrect Answer

Solution

Section 5 (26) “resolution plan” means a plan proposed by resolution applicant for insolvency resolution of the corporate debtor as a going concern in accordance with Part II.

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