Insolvency petition to the tribunal under Insolvency and Bankruptcy Code, 2016 may be filed by______
Sections 7, 9 and 10 of the Insolvency and Bankruptcy Code, 2016 allow a "Financial Creditor", an "Operational Creditor" or the "Corporate Debtor" itself to initiate the…
Choose your answer
Insolvency petition to the tribunal under Insolvency and Bankruptcy Code, 2016 may be filed by______
Answer and explanation
Correct answer D
Sections 7, 9 and 10 of the Insolvency and Bankruptcy Code, 2016 allow a "Financial Creditor", an "Operational Creditor" or the "Corporate Debtor" itself to initiate the corporate insolvency resolution process before the Tribunal, so "All of the given options are correct".
Practice for these exams
-
IIT Kharagpur LL.M. Entrance
See pack details on LawMint.net -
Insolvency
Subject revision