Question

Who is the Corporate Debtor as per the Insolvency and Bankruptcy Code?

A Corporate applicant who owes a debt Correct Answer Incorrect Answer
B A legal entity owes a debt to any person Correct Answer Incorrect Answer
C Company who borrows from any company Correct Answer Incorrect Answer
D Corporate person who owes a debt to any person Correct Answer Incorrect Answer

Solution

IBC Section 3(8) “corporate debtor” means a corporate person who owes a debt to any person

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