A financial creditor, FC through an assignment agreement, assigned here the debt to the X trust. X trust filed the petition for initiation of corporate Insolvency resolution process (CIRP) against Corporate debtor, CR. State the correct statement with respect to the competency of the X trust in the filing of the petition in the above situation- - Study24x7
Social learning Network
Finance/CA
40 followers study24x7 09 Apr 2021 04:04 PM study24x7 study24x7

A financial creditor, FC through an assignment agreement, assigned here the debt to the X trust. X trust filed the petition for initiation of corporate Insolvency resolution process (CIRP) against Corporate debtor, CR. State the correct statement with respect to the competency of...

See more

A

X Trust is not a competent applicant as per section 6 of the IBC, 2016

B

X Trust is being authorized by the FC to file an application

C

X Trust in the capacity of financial creditor can file a valid petition.

D

None of the above

MBA/Management CLAT/CE-Law Finance/CA
Like Comment Share
study24x7
Write a comment
Related Questions
500+   more Questions to answer

Popular Courses

Clat Logical Reasoning Solution All Levels हिन्दी By Vikramaditya Academy of Law
CA FOUNDATION BUSINESS AND COMMERCI... All Levels English By CHARTEREDS SPECIAL
Reasoning Special by Parwez Sir for... All Levels हिन्दी By Reasoning special by Parwez Alam
CLAT 2019 LOGICAL REASONING (detail... All Levels हिन्दी By Vikramaditya Academy of Law
Introduction to Google Ads All Levels English By Digital World
Free SEO training: SEO for beginner... Beginners Level English By Digital Marketing - Learn SEO, PPC,...
Free SEO Link Building Guide 2019 All Levels English By Digital Marketing - Learn SEO, PPC,...
Math Special Course for SSC CGL, CP... All Levels हिन्दी By Topline Coaching 999 1,499 33% off
SSC CGL, CPO, CHSL, GD Comprehensiv... All Levels English By Topline Coaching 3,999 5,499 27% off
English Special Course for SSC CGL,... All Levels English By Topline Coaching 999 1,499 33% off
Featured Courses
Popular Pages

Featured Courses

Clat Logical Reasoning Solution All Levels हिन्दी By Vikramaditya Academy of Law
FREE
4.0
CA FOUNDATION BUSINESS AND COMMERCIAL KNOWLEDGE All Levels English By CHARTEREDS SPECIAL
FREE
5.0
BESTSELLER
Reasoning Special by Parwez Sir for all Government... All Levels हिन्दी By Reasoning special by Parwez Alam
FREE
5.0
CLAT 2019 LOGICAL REASONING (detailed solution) All Levels हिन्दी By Vikramaditya Academy of Law
FREE
5.0
Introduction to Google Ads All Levels English By Digital World
FREE
5.0
Free SEO training: SEO for beginners Beginners Level English By Digital Marketing - Learn SEO, PPC, SMO, SEM, Cont...
FREE
5.0
Free SEO Link Building Guide 2019 All Levels English By Digital Marketing - Learn SEO, PPC, SMO, SEM, Cont...
FREE
4.5
BESTSELLER
SSC CGL, CPO, CHSL, GD Comprehensive Course All Levels English By Topline Coaching 3,999 5.0
G.S. Foundation Premium Course All Levels हिन्दी By RAU IAS COACHING 2,199 5.0
English Special Course for SSC CGL, CPO, GD All Levels English By Topline Coaching 999 5.0

Popular Pages

SAT (Scholastic Assessment Test)

18 followers

Study24x7

1225 followers

Reasoning special by Parwez Alam

148 followers

Henry Harvin

60 followers

CBSE Study Materials

86 followers

Finance/CA

40 followers

Defence

106 followers

CHARTEREDS SPECIAL

12 followers

UPSC & State PSC

1010 followers

GATE/ESE/PSU

35 followers

Get the App

Download the Study24x7 App, so you can connect and collaborate.

study24x7
study24x7
Most Related Articles