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    Question

    What is the primary focus of Part 2 of the Insolvency

    and Bankruptcy Code?
    A Insolvency resolution and liquidation for individuals Correct Answer Incorrect Answer
    B Insolvency resolution and liquidation for corporate persons Correct Answer Incorrect Answer
    C Bankruptcy for partnership firms Correct Answer Incorrect Answer
    D Personal insolvency resolution and liquidation Correct Answer Incorrect Answer
    E Cross-border insolvency resolution Correct Answer Incorrect Answer

    Solution

    Part 2 of the Insolvency and Bankruptcy Code specifically deals with the insolvency resolution and liquidation procedures for corporate persons (companies and limited liability partnerships). 

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