Question Description
Consider the following statements regarding the Insolvency and Bankruptcy Code (IBC): The IBC aims to consolidate and amend the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms, and individuals in a time-bound manner. The IBC was enacted in 2016 to address the issues of insolvency and bankruptcy, thereby providing a clear and speedy resolution process. Under the IBC, the resolution process for a corporate debtor is to be completed within a period of 180 days, extendable by a further 90 days if necessary. The National Company Law Tribunal (NCLT) acts as the adjudicating authority for insolvency resolution for companies and limited liability partnerships (LLPs).How many of the above statements is/are correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding the Insolvency and Bankruptcy Code (IBC): The IBC aims to consolidate and amend the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms, and individuals in a time-bound manner. The IBC was enacted in 2016 to address the issues of insolvency and bankruptcy, thereby providing a clear and speedy resolution process. Under the IBC, the resolution process for a corporate debtor is to be completed within a period of 180 days, extendable by a further 90 days if necessary. The National Company Law Tribunal (NCLT) acts as the adjudicating authority for insolvency resolution for companies and limited liability partnerships (LLPs).How many of the above statements is/are correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding the Insolvency and Bankruptcy Code (IBC): The IBC aims to consolidate and amend the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms, and individuals in a time-bound manner. The IBC was enacted in 2016 to address the issues of insolvency and bankruptcy, thereby providing a clear and speedy resolution process. Under the IBC, the resolution process for a corporate debtor is to be completed within a period of 180 days, extendable by a further 90 days if necessary. The National Company Law Tribunal (NCLT) acts as the adjudicating authority for insolvency resolution for companies and limited liability partnerships (LLPs).How many of the above statements is/are correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'D'. Can you explain this answer?.

Solutions for Consider the following statements regarding the Insolvency and Bankruptcy Code (IBC): The IBC aims to consolidate and amend the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms, and individuals in a time-bound manner. The IBC was enacted in 2016 to address the issues of insolvency and bankruptcy, thereby providing a clear and speedy resolution process. Under the IBC, the resolution process for a corporate debtor is to be completed within a period of 180 days, extendable by a further 90 days if necessary. The National Company Law Tribunal (NCLT) acts as the adjudicating authority for insolvency resolution for companies and limited liability partnerships (LLPs).How many of the above statements is/are correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of Consider the following statements regarding the Insolvency and Bankruptcy Code (IBC): The IBC aims to consolidate and amend the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms, and individuals in a time-bound manner. The IBC was enacted in 2016 to address the issues of insolvency and bankruptcy, thereby providing a clear and speedy resolution process. Under the IBC, the resolution process for a corporate debtor is to be completed within a period of 180 days, extendable by a further 90 days if necessary. The National Company Law Tribunal (NCLT) acts as the adjudicating authority for insolvency resolution for companies and limited liability partnerships (LLPs).How many of the above statements is/are correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements regarding the Insolvency and Bankruptcy Code (IBC): The IBC aims to consolidate and amend the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms, and individuals in a time-bound manner. The IBC was enacted in 2016 to address the issues of insolvency and bankruptcy, thereby providing a clear and speedy resolution process. Under the IBC, the resolution process for a corporate debtor is to be completed within a period of 180 days, extendable by a further 90 days if necessary. The National Company Law Tribunal (NCLT) acts as the adjudicating authority for insolvency resolution for companies and limited liability partnerships (LLPs).How many of the above statements is/are correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for Consider the following statements regarding the Insolvency and Bankruptcy Code (IBC): The IBC aims to consolidate and amend the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms, and individuals in a time-bound manner. The IBC was enacted in 2016 to address the issues of insolvency and bankruptcy, thereby providing a clear and speedy resolution process. Under the IBC, the resolution process for a corporate debtor is to be completed within a period of 180 days, extendable by a further 90 days if necessary. The National Company Law Tribunal (NCLT) acts as the adjudicating authority for insolvency resolution for companies and limited liability partnerships (LLPs).How many of the above statements is/are correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of Consider the following statements regarding the Insolvency and Bankruptcy Code (IBC): The IBC aims to consolidate and amend the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms, and individuals in a time-bound manner. The IBC was enacted in 2016 to address the issues of insolvency and bankruptcy, thereby providing a clear and speedy resolution process. Under the IBC, the resolution process for a corporate debtor is to be completed within a period of 180 days, extendable by a further 90 days if necessary. The National Company Law Tribunal (NCLT) acts as the adjudicating authority for insolvency resolution for companies and limited liability partnerships (LLPs).How many of the above statements is/are correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements regarding the Insolvency and Bankruptcy Code (IBC): The IBC aims to consolidate and amend the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms, and individuals in a time-bound manner. The IBC was enacted in 2016 to address the issues of insolvency and bankruptcy, thereby providing a clear and speedy resolution process. Under the IBC, the resolution process for a corporate debtor is to be completed within a period of 180 days, extendable by a further 90 days if necessary. The National Company Law Tribunal (NCLT) acts as the adjudicating authority for insolvency resolution for companies and limited liability partnerships (LLPs).How many of the above statements is/are correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice UPSC tests.