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Q:

In India, according to the Insolvency and Bankruptcy Code, 2016, the process of insolvency resolution for companies should be completed in how many days?

  • 1
    180
  • 2
    150
  • 3
    170
  • 4
    120
  • Show Answer
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Answer : 1. "180"
Explanation :

1. According to the Insolvency and Disability Code, 2016 in India, the insolvency resolution process of companies must be completed in 180 days.

2. The IBC 2016 also attempted to deal with the difficulties in the existing law as well as other disagreements that may develop between debtors and creditors due to inadequacies in the information system.

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