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

    Question

    As laid down under section 7 of the IBC the financial

    creditor shall, along with the application furnish________________
    A Record of the default recorded with the information utility or such other record or evidence of default as may be specified Correct Answer Incorrect Answer
    B Name of the resolution professional proposed to act as an interim resolution professional Correct Answer Incorrect Answer
    C Any other information as may be specified by the Adjudicating Authority Correct Answer Incorrect Answer
    D Both a & b Correct Answer Incorrect Answer
    E All a, b & c Correct Answer Incorrect Answer

    Solution

    Section 7-Initiation of corporate insolvency resolution process by financial creditor: (3) The financial creditor shall, along with the application furnish (a) record of the default recorded with the information utility or such other record or evidence of default as may be specified; (b) the name of the resolution professional proposed to act as an interim resolution professional; and (c) any other information as may be specified by the Board.

    Practice Next

    Relevant for Exams: