Question
Can the extension of the period of corporate insolvency
resolution process be granted more than once as per the IBC section 12?Solution
Section 12-Time-limit for completion of insolvency resolution process: (3) On receipt of an application under sub-section (2), if the Adjudicating Authority is satisfied that the subject matter of the case is such that corporate insolvency resolution process cannot be completed within one hundred and eighty days, it may by order extend the duration of such process beyond one hundred and eighty days by such further period as it thinks fit, but not exceeding ninety days: Provided that any extension of the period of corporate insolvency resolution process under this section shall not be granted more than once.
What is the primary aim of the RBI's centralised web portal, UDGAM (Unclaimed Deposits – Gateway to Access Information)?
India’s monthly merchandise exports remaining above US$ ______ for the first time in March of FY 2021-22?
Which of the following is an equation of quadratic equation?
If A is to the South of B and C is to the East of B. In what direction is A with respect to C?
Gases, especially oxygen and carbon dioxide, are essential for the survival of aquatic animals and plants. The gases from the atmosphere reach the aquat...
What do you call the drugs that bind to the receptor site and inhibit its natural function?
Which of the following Sites is a old UNESCO Sites in India?
Which of the following types of Indian dances does NOT involve themes related to Lord Krishna?
How many fundamental duties are listed in the Indian Constitution as of 2022?
The Government of India (GoI) approved a PM WANI scheme. The purpose of this scheme is to:
1. To elevate wireless internet connectivity in the co...