Question
Which statute governs insolvency
professionals?Solution
Insolvency professionals are regulated and governed primarily by the Insolvency and Bankruptcy Code, 2016 in India. The IBC provides a comprehensive framework for insolvency resolution and bankruptcy proceedings for individuals, companies, and partnerships. It establishes the roles and responsibilities of various stakeholders in the insolvency process, including insolvency professionals who play a crucial role in managing and administering the affairs of insolvent entities during the resolution process. Therefore, the IBC is the statute that specifically governs insolvency professionals in India.
A and B can do a work in 21 days, A is (7/4) times as efficient as B. In how many days, A alone can complete the (100/3)% of the work?
Two cars start from a house at an interval of 10 minutes and travel at a speed of 20 km/hr. With how much speed (km/hr.) should a woman coming from the ...
A car is moving at a uniform speed of 35 km/h. What is the time it takes to cover 140 km?
3 men dig a hole in 10 days. How many days would it take for 5 men to dig the same hole ?
P and Q can complete a project in 15 days and 10 days, respectively. They started doing the work together, but after 2 days, Q had to leave and P alone...
Anu is four times as good as Binni in completing a task. Together they finish the same task in 7 hours. In how many hours will Anu alone complete the task?
Two workers A and B working together completed a job in 5 days. If A worked twice as efficiently as he actually did and B worked 1/3 as efficiently as h...
A can finish a piece of the work in 16 days and B can finish it in 12 days. They worked together for 4 days and then A left. B finished the remaining wo...
Girish can paint a picture in 4 days when he works for 8 hours per day. Due to illness, he could work for only 6 hours per day and was required to finis...
A and B alone can complete a work in 30 and 60 days, respectively. 50% of the work is completed by C in 6x days, and the remaining work is completed by ...
