File Details:

{"file_name":"llb-5-sem-bankruptcy-and-insolvency-llb511-set-a-2021.pdf","subject":"Bankruptcy and Insolvency","exam_year":"2021","language":["English","Hindi"],"time_allocated":"1 Hour 30 Minutes","maximum_marks":100}

Questions:

  1. How many schedules are there in the Insolvency and Bankruptcy Code?
  2. Who is authorized to enact laws on bankruptcy and insolvency?
  3. Who is the corporate debtor under the Insolvency and Bankruptcy Code?
  4. Which Acts have been amended by the Insolvency and Bankruptcy Code, 2016?
  5. What does 'property' include under the Insolvency and Bankruptcy Code?
  6. When was the Insolvency and Bankruptcy Board of India established?
  7. Who made the key recommendations for the Insolvency and Bankruptcy Code?
  8. What is the meaning of security interest as per the Insolvency and Bankruptcy Code?
  9. What does 'transfer' include under the Insolvency and Bankruptcy Code?
  10. What is included in the property as per the Insolvency and Bankruptcy Code?
  11. What is the role of the Resolution Professional under the Corporate Insolvency Resolution Process?
  12. What is the time period for completing the Fast Track Corporate Insolvency Resolution Process?
  13. Who prepares an information memorandum under the Insolvency and Bankruptcy Code?
  14. What happens if the Resolution Plan is rejected by the Adjudicating Authority?
  15. Who is responsible for appointing the Interim Resolution Professional under the Corporate Insolvency Resolution Process?
  16. What are the duties of the Bankruptcy Trustee?
  17. What is the time limit for submitting claims during liquidation?
  18. What is the responsibility of the Liquidator under the liquidation process?
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