Question

The entire process of Corporate Insolvency Resolution Process can be initiated by _____________________ under IBC

A Corporate debtor Correct Answer Incorrect Answer
B Financial creditor Correct Answer Incorrect Answer
C Operational debtor Correct Answer Incorrect Answer
D Both a & b Correct Answer Incorrect Answer
E All a b & c Correct Answer Incorrect Answer

Solution

IBC Section 6-Persons who may initiate corporate insolvency resolution process: Where any corporate debtor commits a default, a financial creditor, an operational creditor or the corporate debtor itself may initiate corporate insolvency resolution process in respect of such corporate debtor in the manner as provided under this Chapter.

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