Question
Under the Insolvency and Bankruptcy Code, 2016, who is
responsible for initiating the Corporate Insolvency Resolution Process (CIRP) for a defaulting company?Solution
As per Section 6 of the Insolvency and Bankruptcy Code, 2016, the Corporate Insolvency Resolution Process (CIRP) can be initiated by: • The corporate debtor (the company itself), or • The financial creditor, or • The operational creditor, by filing an application before the National Company Law Tribunal (NCLT), when a default has occurred. The NCLT then adjudicates on the application and, if satisfied, admits the case and initiates CIRP.
Dry seeding in dryland crop is recommended for__ crops
Most important and productive wheat contributing zone:
Which cost represents the expenses that remain constant regardless of the quantity produced in the short run?
Which organization is responsible for managing the Credit Guarantee Facility under the scheme?
The National Innovations in Climate Resilient Agriculture (NICRA) is a flagship project aimed at developing climate-resilient technologies for agricultu...
Which fertilizer, when applied continuously, can reduce soil pH and lead to chloride toxicity in sensitive crops like potato, grapes, and citrus?
Given below are two statements
Statement I: During transpiration process most of the water loss occurs through stomata.
Statement I...
Which of the following is not a 1:1 type clay mineral?
What is the time limit to get information concerning the life and liberty of a person under the RTI Act?Â
Digging method of weed control is suitable for
