Question

According to the IBC the liquidator shall communicate his decision of admission or rejection of claims to the creditor and corporate debtor within ______________ of such admission or rejection of claims

A Seven days Correct Answer Incorrect Answer
B Fifteen days Correct Answer Incorrect Answer
C Fourteen days Correct Answer Incorrect Answer
D Thirty days Correct Answer Incorrect Answer
E Ninety days Correct Answer Incorrect Answer

Solution

Section 40-Admission or rejection of claims: (2) The liquidator shall communicate his decision of admission or rejection of claims to the creditor and corporate debtor within seven days of such admission or rejection of claims.

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