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

    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 All a b & c Correct Answer Incorrect Answer
    E Both a & b 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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