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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) “insolvency commencement date” 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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