New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    According to the provisions of the IBC where any person

    is a financial creditor as well as an operational creditor such person shall_______________________
    A Be considered to be financial creditor to the extent of the operational debt owed by the corporate debtor to such creditor Correct Answer Incorrect Answer
    B Be a financial creditor to the extent of the financial debt owed by the corporate debtor and be included in the committee of creditors Correct Answer Incorrect Answer
    C Be at the discretion to be either financial or operational creditor to the extent of entire debt owned by the corporate debtor to such creditor Correct Answer Incorrect Answer
    D Either a or b or c Correct Answer Incorrect Answer

    Solution

    IBC Section 24-Meeting of committee of creditors: (1) The members of the committee of creditors may meet in person or by such electronic means as may be specified.

    Practice Next