Question

Who shall constitute the committee of creditors as per section 21 of the IBC?

A Resolution Professional Correct Answer Incorrect Answer
B Adjudicating Authority Correct Answer Incorrect Answer
C Interim resolution professional Correct Answer Incorrect Answer
D Insolvency Resolution professional Correct Answer Incorrect Answer
E Insolvency and Bankruptcy Board of India Correct Answer Incorrect Answer

Solution

Section 21-Committee of creditors: (1) The interim resolution professional shall after collation of all claims received against the corporate debtor and determination of the financial position of the corporate debtor, constitute a committee of creditors.

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