Question

In the context of the Insolvency and Bankruptcy Code, what action can a creditor take if

they disagree with the decision made by the liquidator regarding the acceptance or rejection of claims?

A The creditor has no recourse in this situation Correct Answer Incorrect Answer
B The creditor can file a separate lawsuit in a civil court Correct Answer Incorrect Answer
C The creditor can appeal to the National Company Law Tribunal Correct Answer Incorrect Answer
D The creditor can submit the claim again with additional documentation Correct Answer Incorrect Answer

Solution

IBC Section 42 A creditor may appeal to the Adjudicating Authority against the decision of the liquidator accepting or rejecting the claims within fourteen days of the receipt of such decision.

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