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    Question

    Insolvency commencement date as per the IBC

    means______________
    A Date on which the resolution professional receives the claims from the resolution applicants Correct Answer Incorrect Answer
    B Date on which an application is made for initiating corporate insolvency resolution process to the Adjudicating Authority Correct Answer Incorrect Answer
    C Date of admission of an application for initiating corporate insolvency resolution process by the Adjudicating Authority Correct Answer Incorrect Answer
    D Date of admission of an application for initiating corporate insolvency resolution process by the Appellate Authority Correct Answer Incorrect Answer

    Solution

    IBC Section 5(12) ā€œinsolvency commencement dateā€ means the date of admission of an application for initiating corporate insolvency resolution process by the Adjudicating Authority under sections 7, 9 or section 10, as the case may be.

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