BANKING GENERAL KNOWLEDGE
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Question
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Hyderabad
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Kolkata
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Chennai
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New Delhi
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Detailed explanation-1: -Regulation 29 of the CIRP Regulations, 2016 that RP may sell unencumbered asset(s) of the corporate debtor after the prior approval of the committee of the creditors. 16 Creditor has the right to request information from the insolvency representative in the Insolvency code.
Detailed explanation-2: -Regulation (3), before substitution, stood as under: “(3) The syllabus, format and frequency of the ‘Limited Insolvency Examination’, including qualifying marks, shall be published on the website of the Board at least one month before the examination.”
Detailed explanation-3: -(3) The applicant shall bear the expenses of the public announcement which may be reimbursed by the committee to the extent it ratifies them. Clarification-The expenses on the public announcement shall not form part of insolvency resolution process costs.