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

    Question

    Upon complete liquidation of the assets of a corporate

    debtor, to which authority should the liquidator make an application for the dissolution of the corporate debtor?
    A The creditors' committee Correct Answer Incorrect Answer
    B The Tribunal Correct Answer Incorrect Answer
    C The Board of Directors Correct Answer Incorrect Answer
    D The Insolvency and Bankruptcy Board of India Correct Answer Incorrect Answer
    E The Registrar of Companies Correct Answer Incorrect Answer

    Solution

    IBC Section 54-Dissolution of corporate debtor: (1) Where the assets of the corporate debtor have been completely liquidated, the liquidator shall make an application to the Adjudicating Authority for the dissolution of such corporate debtor.

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