(D) Another Financial Creditor namely Mr. E, through an assignment agreement, assigned his debt to a Trust. The Trust filed a petition for initiation of Corporate Insolvency Resolution Process against the Corporate Debto

(D) Another Financial Creditor namely Mr. E, through an assignment agreement, assigned his debt to a Trust. The Trust filed a petition for initiation of Corporate Insolvency Resolution Process against the Corporate Debtor (MTPL). In respect of the inputs given in Para-D above under IBC, 2016, find out the correct statement: (a) Trust is out of purview of the provisions of the IBC, 2016. (b) The Trust may be authorized by the Financial Creditors to file an application. (c) The Trust in the capacity of a Financial Creditor, can file a valid application. (d) The Trust being an assignee, cannot file a Petition.