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Forwarded from Company Law MCQ (CA, CS, CMA) (Commerce Updates)
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Forwarded from Company Law MCQ (CA, CS, CMA) (Surendra Goyal)
Q795 RAB Bank Limited, a banking company, has defaulted in the payment of dues to their catering contractor. Can the contractor, as an operational creditor initiate insolvency process against the bank-
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36%
Yes, operational creditors are entitled
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No, financial service providers are excluded
17%
Yes, banking companies are covered under this code
13%
No, catering is an excluded service under the Code
Forwarded from Company Law MCQ (CA, CS, CMA) (Surendra Goyal)
Q796 The time line of 180 days for the Corporate Insolvency Resolution process commences from the
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Date of Debt
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Date of preferring the application
62%
Date of admission of application by NCLT
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90 days after the debt is due
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