Question

Under Section 7 of the Insolvency and Bankruptcy Code, 2016, which of the following is NOT a pre-condition for a financial creditor to file an application for initiating the Corporate Insolvency Resolution Process (CIR

  • P
A The existence of a default in repayment of a financial debt
B The default amount must be at least the prescribed threshold limit
C The financial creditor must be recognized by the Reserve Bank of India
D The application must be filed before the expiry of the limitation period
E The financial creditor must provide evidence of the default to the Adjudicating Authority
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