The Institutional Infrastructure Under the Insolvency and Bankruptcy Code, 2016, Rests on Certain Pillars: Insolvency Professionals Information Utilities Adjudicationthe Insolvency and Bankruptcy - Legal Reasoning

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MCQ

The institutional infrastructure under the Insolvency and Bankruptcy Code, 2016, rests on certain pillars:

  1. Insolvency Professionals
  2. Information Utilities
  3. Adjudication
  4. The Insolvency and Bankruptcy Board of India
  5. Asset Construction Companies

Correct code is :

Options

  • l, ll and Ill

  • ll, lll and IV

  • l, ll, lll and IV

  • All of the above

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Solution

l, ll, lll and IV

Explanation:

The institutional infrastructure under the insolvency and bankruptcy code-2016 rests on the pillars as insolvency professionals, information utilities, adjudication, the insolvency and bankruptcy board of India, etc.

Concept: Indian Contract Act (Entrance Exams)
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