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

    Question

    The corporate insolvency resolution process shall be

    completed _______________ from the date of admission of the application to initiate such process
    A After a period of one hundred and eighty days Correct Answer Incorrect Answer
    B Within a period of one hundred and eighty days Correct Answer Incorrect Answer
    C Within a period of three hundred and thirty days Correct Answer Incorrect Answer
    D Within such time period as the Board may specify from time to time 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.

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