New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Who can make an application for the initiation of the

    pre-packaged insolvency resolution process under the IBC?
    A Creditors Correct Answer Incorrect Answer
    B Corporate Person Correct Answer Incorrect Answer
    C Corporate Debtor Correct Answer Incorrect Answer
    D Corporate Applicant Correct Answer Incorrect Answer

    Solution

    IBC Section 54C-Application to initiate pre-packaged insolvency resolution process- (1) Where a corporate debtor meets the requirements of section 54A, a corporate applicant thereof may file an application with the Adjudicating Authority for initiating pre-packaged insolvency resolution process.

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