The corporate insolvency resolution process shall be

completed _______________ from the date of admission of the application to initiate such process

A Within a period of ninety days Correct Answer Incorrect Answer

B After a period of one hundred and eighty days Correct Answer Incorrect Answer

C Within a period of one hundred and eighty days Correct Answer Incorrect Answer

D Within a period of three hundred and thirty days Correct Answer Incorrect Answer

Solution

IBC Section 12-Time-limit for completion of insolvency resolution process: (1) Subject to sub-section (2), the corporate insolvency resolution process shall be completed within a period of one hundred and eighty days from the date of admission of the application to initiate such process.

Practice Next

Relevant for Exams:

CBI APP and PP

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