Question
Can the extension of the period of corporate
insolvency resolution process be granted more than once as per the IBC section 12?Solution
Section 12-Time-limit for completion of insolvency resolution process: (3) On receipt of an application under sub-section (2), if the Adjudicating Authority is satisfied that the subject matter of the case is such that corporate insolvency resolution process cannot be completed within one hundred and eighty days, it may by order extend the duration of such process beyond one hundred and eighty days by such further period as it thinks fit, but not exceeding ninety days: Provided that any extension of the period of corporate insolvency resolution process under this section shall not be granted more than once.
Which of the following is not correct about Sovereign Gold Bond (SGB)?
Under section 145 of the Cr.P.C. an Executive Magistrate can order the parties to submit in writing their claim regarding a disputed immoveable property...
Which of the following provisions of the Indian Constitution can be amended only by the general majority of the two Houses in the Parliament?
_____________ is used by fraudsters to install malware through public ports in customers mobile –:
How many different words can be formed with the letters of the word NAINITAL such that each of the word begin with L and end with T ?
In which of the following years was the Census Act enacted and extended to the whole of India?
From which state does the documentary film 'To Kill A Tiger,' nominated for the 96th Academy Awards (Oscar 2024) in the Best Documentary Feature Film ca...
What is the investment limit for F&O (Futures and Options) according to SEBI?
United Nations Security Council extended the peace security mission in which of the following African countries?
Which atmospheric layer consists of the Ozone that absorbs the harmful ultra-violet radiations?
