Question

    Who can initiate Corporate Insolvency Resolution Process

    as per IBC?
    A Corporate Applicant Correct Answer Incorrect Answer
    B Corporate Debtor and Financial Creditor Correct Answer Incorrect Answer
    C Financial Creditor and Operational Creditor Correct Answer Incorrect Answer
    D Financial Creditor, Operational Creditor and Corporate Applicant 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.

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