New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    In the context of the Insolvency and Bankruptcy Code,

    what does the term "Adjudicating Authority" refer to?
    A The Securities and Exchange Board of India Correct Answer Incorrect Answer
    B The Reserve Bank of India Correct Answer Incorrect Answer
    C The National Company Law Tribunal constituted under section 408 of the Companies Act, 2013 Correct Answer Incorrect Answer
    D The Central Board of Direct Taxes Correct Answer Incorrect Answer
    E The Registrar of Companies Correct Answer Incorrect Answer

    Solution

    Section 5-Definitions: In this Part, unless the context otherwise requires: (1) “Adjudicating Authority”, for the purposes of this Part, means National Company Law Tribunal constituted under section 408 of the Companies Act, 2013.

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