Question

Who can initiate Corporate Insolvency Resolution Process

Q: Answer-Who can initiate Corporate Insolvency Resolution Process as per IBC?

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.

as per IBC?

A Corporate Applicant

B Corporate Debtor and Financial Creditor

C Financial Creditor and Operational Creditor

D Financial Creditor, Operational Creditor and Corporate Applicant

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Who can initiate Corporate Insolvency Resolution Process

Solution