Question

According to the IBC who shall constitute the committee of creditors?

A Resolution Professional Correct Answer Incorrect Answer
B Adjudicating Authority Correct Answer Incorrect Answer
C Interim resolution professional Correct Answer Incorrect Answer
D Insolvency Resolution professional Correct Answer Incorrect Answer

Solution

IBC Section 21-Committee of creditors: (1) The interim resolution professional shall after collation of all claims received against the corporate debtor and determination of the financial position of the corporate debtor, constitute a committee of creditors.

Practice Next
×
×