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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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