(ii) The majority of the directors of the Corporate Debtor made a declaration that PPIRP is not being initiated to defraud any person and nothing more is contained in the declaration. In respect of the inputs given in Pa
CS Professional · Insolvency - Law and Practice · PYQS · December 2023
(ii) The majority of the directors of the Corporate Debtor made a declaration that PPIRP is not being initiated to defraud any person and nothing more is contained in the declaration. In respect of the inputs given in Para-F above, briefly answer the following questions: Whether the declaration made by the Board of Directors is in accordance with the provisions of IBC, 2016?
Topics: Pre-Packaged Insolvency Resolution Process (PPIRP)
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