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      Question

      As per Section 16(3)(a) of the Insolvency and Bankruptcy

      Code, 2016, the Board shall, ________ of the receipt of a reference from the Adjudicating Authority for the recommendation of an insolvency professional to act as an interim resolution professional, recommend the name of an insolvency professional.    
      A Within seven days Correct Answer Incorrect Answer
      B Within ten days Correct Answer Incorrect Answer
      C Within fifteen days Correct Answer Incorrect Answer
      D Within thirty days Correct Answer Incorrect Answer
      E Within ninety days Correct Answer Incorrect Answer

      Solution

      According to Section 16(3)(a) of the IBC, once the Board receives a reference from the Adjudicating Authority to recommend an insolvency professional to serve as the IRP, it must provide that recommendation within ten days.

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