alleryStart learning →Which debtor cannot apply under section 11 at all?
AOne owing a supplier
BOne facing a suit
COne under liquidation
DOne in loan default
Answer & Solution
Correct answer: C. One under liquidation
Section 11(d) excludes a corporate debtor in respect of whom a liquidation order has been made.
Keep practising Corporate Insolvency Resolution Process under the IBC
Browse all Corporate Insolvency Resolution Process under the IBC questions for CA Final, or explore more Law topics.
Related questions
Which Code term means non-payment of debt that has become due and payable?The initiation date in section 5(11) is the day an application is what?How long is the insolvency resolution process period defined in section 5(14)?The insolvency commencement date is the date of what?The Centre may raise the minimum default under section 4 to at most how much?Besides the order, NCLT must issue what on liquidation under section 33(1)?A committee decision to liquidate under section 33(2) needs what share of voting?A plan's other legal approvals must be obtained within what time under section 31(4)?