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      Question

      Who are the persons who are not eligible to make an

      application for the initiation of the corporate insolvency resolution process under the IBC?
      A Financial creditor Correct Answer Incorrect Answer
      B Corporate debtor Correct Answer Incorrect Answer
      C Operational creditor Correct Answer Incorrect Answer
      D Financial service provider Correct Answer Incorrect Answer

      Solution

      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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