Question

As per the Insolvency and Bankruptcy Code, who can

Q: Answer-As per the Insolvency and Bankruptcy Code, who can initiate the corporate insolvency resolution proc...

Section 6-Persons who may initiate corporate insolvency resolution process Where any corporate debtor commits a default, a financial creditor, an operational creditor or the corporate debtor itself may initiate corporate insolvency resolution process in respect of such corporate debtor in the manner as provided under this Chapter.

initiate the corporate insolvency resolution process in the case of a corporate debtor's default?

A Only a financial creditor

B Only an operational creditor

C Only the corporate debtor itself

D A financial creditor, an operational creditor, or the corporate debtor itself

E Only the Adjudicating Authority

Practice Next

More Other Laws and Acts Questions

Desuckering, priming and topping terms are related to which crop?
The WTO’s TBT Agreement in agricultural trade refers to:
The TBT agreement promotes which of the following principles?
The branch of Horticulture that deals with the cultivation of vegetables is called
Which of the following is an objective of NSOP?
The term “Waaphasa” in ZBNF refers to:
What is the type of license required for food businesses with turnover below ₹12 lakh?
What does GMP stand for under FSSAI’s hygiene regulations?
Which is NOT a benefit of crop rotation in organic farming?
What does the term “equivalence” refer to under the SPS agreement?

As per the Insolvency and Bankruptcy Code, who can

Solution