Question

The institutional infrastructure under the Insolvency and Bankruptcy Code, 2016, rests on certain pillars:

1. Insolvency Professionals
2. Information Utilities
3. Adjudication
4. The Insolvency and Bankruptcy Board of India
5. Asset Construction Companies

Correct code is :

Options

• l, ll and Ill

• ll, lll and IV

• l, ll, lll and IV

• All of the above

Answer 1

l, ll, lll and IV

Explanation:

The institutional infrastructure under the insolvency and bankruptcy code-2016 rests on the pillars as insolvency professionals, information utilities, adjudication, the insolvency and bankruptcy board of India, etc.