Question

Under the Insolvency and Bankruptcy Code, 2016, who is responsible for initiating the Corporate Insolvency Resolution Process (CIR

  • P for a defaulting company?
A The Insolvency and Bankruptcy Board of India (IBBI)
B The creditors or the debtor themselves
C The National Company Law Tribunal (NCLT)
D The Ministry of Corporate Affairs
E The Reserve Bank of India
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