When can liquidation process of the corporate debtor be initiated as per section 33 of IBC?
IBC Section 33-Initiation of liquidation- (1) Where the Adjudicating Authority— (a) before the expiry of the insolvency resolution process period or the maximum period permitted for completion of the corporate insolvency resolution process under section 12 or the fast track corporate insolvency resolution process under section 56, as the case may be, does not receive a resolution plan under sub-section (6) of section 30; or (b) rejects the resolution plan under section 31 for the non-compliance of the requirements specified therein, it shall—(i) pass an order requiring the corporate debtor to be liquidated in the manner as laid down in this Chapter; (ii) issue a public announcement stating that the corporate debtor is in liquidation; and (iii) require such order to be sent to the authority with which the corporate debtor is registered.
A’ and ‘B’ entered into a partnership by investing Rs. 9000 and Rs. 5200, respectively. If ‘A’ invested his sum for only 4...
P purchased a book from registered store and gets 13% discount while Q purchased the same book from a roadside stall and got 18% discount. If Q paid Rs....
A man bought an washing machine of Rs.15000 and spend Rs.2000 on its repairing and Rs.1000 for buying its new parts. After few days he vend it...
While selling a Bike, Max gives a discount of 25% on the marked price. If he gives a discount of 30%, he earns Rs. 120 less as profit. The marked price...
P purchased two items, a Table fan and a Ceiling fan, at the same cost price. She applied markups of 35% and 52% on the Table fan and Ceiling fan, respe...
A dealer marks his article 50% above the cost price and gives a discount of 20% on it. If he later marked his article 75% above the cost price and gave ...
Marked price of an article is Rs.300 more than its cost price. If profit earned is equal to the discount given then find the profit earned?
A shopkeeper marked an article Rs. 700 above its cost price and sold it after giving a discount of 20% and earned a profit of 30%. Find the cost price o...
A trader bought an article for Rs. 2400 and marked it 25% above of its cost price. If he sold it after giving a discount of Rs. 240 then find the profit...
The marked price of a watch is Rs 3,025. The shopkeeper allows a discount of 20% and gains 25%. If no discount is allowed, what would his gain percent be?
