Question
Under the Insolvency and Bankruptcy Code, 2016, which
authority is primarily responsible for overseeing the corporate insolvency resolution process?Solution
The National Company Law Tribunal (NCLT) is the adjudicating authority responsible for corporate insolvency resolution process under Part II of the Insolvency and Bankruptcy Code, 2016. As per Section 7 to Section 10 and other relevant provisions, NCLT admits insolvency applications, oversees the resolution process, and approves resolution plans. The Insolvency and Bankruptcy Board of India (IBBI) regulates insolvency professionals and agencies but does not adjudicate cases.
The Central Institute for Cotton Research’ is located in which state of India?
National Bravery Award is given every year by the Prime Minister of India on:
Where is the Srisailam Dam located in India?
The Junagarh inscription of Rudradaman is written in which language?
‘The Gadkalika Devi’ temple is located in which of the following city of India?
The Bhima-Koregaon battle of 1818, now in news, was a battle between:
World Environment Day is celebrated on–
In which Indian state does the Godavari River originate?
Before the Payment and settlement Act of 2007, all payments were regulated by the Finance Ministry directly
At the Paris Summer Olympics, in which event did Swapnil Kusale win his first Olympic bronze medal?
