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After the 2026 amendment of section 99(1) of the Insolvency and Bankruptcy Code, 2016, within how many…

The 2026 amendment substituted "Twenty-one days" for ten days in section 99(1). The Adjudicating Authority must then admit or reject the application within fourteen days of…

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After the 2026 amendment of section 99(1) of the Insolvency and Bankruptcy Code, 2016, within how many days of his appointment must the resolution professional examine an application under section 94 or 95 and submit his report recommending its approval or rejection?

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Correct answer D

The 2026 amendment substituted "Twenty-one days" for ten days in section 99(1). The Adjudicating Authority must then admit or reject the application within fourteen days of the report under section 100(1). Section 99(10) now requires a copy of the report to be given to both the debtor and the creditor.

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