Question
Who can make an application for the initiation of the
pre-packaged insolvency resolution process under the IBC?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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