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    Question

    Under the Insolvency and Bankruptcy Code, within how

    many days must an operational creditor deliver a notice or invoice demanding payment to the corporate debtor?
    A 5 days Correct Answer Incorrect Answer
    B 10 days Correct Answer Incorrect Answer
    C 15 days Correct Answer Incorrect Answer
    D 30 days Correct Answer Incorrect Answer
    E 45 days Correct Answer Incorrect Answer

    Solution

    Section 9-Application for initiation of corporate insolvency resolution process by operational creditor: (1) After the expiry of the period of ten days from the date of delivery of the notice or invoice demanding payment under sub-section (1) of section 8, if the operational creditor does not receive payment from the corporate debtor or notice of the dispute under sub-section (2) of section 8, the operational creditor may file an application before the Adjudicating Authority for initiating a corporate insolvency resolution process.

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