alleryStart learning →Section 29A(j) makes a bidder ineligible if which person is ineligible?
AIts main auditor
BA connected person
CIts office landlord
DIts biggest client
Answer & Solution
Correct answer: B. A connected person
Section 29A(j) bars an applicant that has a connected person not eligible under clauses (a) to (i).
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)?