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      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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