📝 One-liners · 66 cards
Adjudication, Appeals, Offences and Penalties
Before which authority must a financial creditor file an application to initiate CIRP against a company whose registered office is in Pune?
The National Company Law Tribunal having territorial jurisdiction over Pune, as Section 60 designates the NCLT with jurisdiction over the registered office of the corporate person as the Adjudicating Authority.
Which authority acts as the Adjudicating Authority for corporate insolvency resolution under Section 60 of the IBC?
The NCLT having territorial jurisdiction over the corporate debtor's registered office.
Which authority acts as the Adjudicating Authority for insolvency resolution and liquidation of corporate persons under the IBC?
The National Company Law Tribunal (NCLT) having territorial jurisdiction over the place where the registered office of the corporate person is located serves as the Adjudicating Authority.
Under Section 179(1) of the IBC, which authority handles insolvency matters of individuals and partnership firms?
The Debt Recovery Tribunal having territorial jurisdiction over the debtor.
🔒
Unlock 66 revision one-liners
Interactive flashcard deck — flip every card to drill questions and answers, mark the ones you got wrong, and revise smarter for Adjudication, Appeals, Offences and Penalties.
🪙
Unlock cost
300 coins
30-day access · re-unlocks free for 30 days