Question

What does resolution plan mean as per the IBC?

A Resolution plan provided by the corporate debtor under section 54A Correct Answer Incorrect Answer
B Plan proposed by resolution applicant for insolvency resolution of the corporate debtor as a going concern in accordance with Part II Correct Answer Incorrect Answer
C Plan proposed by any person for insolvency resolution of the corporate debtor as a going concern in accordance with Part II Correct Answer Incorrect Answer
D Either a or b or c Correct Answer Incorrect Answer

Solution

IBC Section 5 (26) “resolution plan” means a plan proposed by resolution applicant for insolvency resolution of the corporate debtor as a going concern in accordance with Part II.

Practice Next
×
×