The question (15 marks)
Explain the corporate insolvency resolution process from its trigger to the approval of a resolution plan, giving the time limits at each stage. (15 marks)
MU Module II, heads 2.1 and 2.2.
Plan your answer on paper before you look at the authorities — issue first, then the rule, then apply it to these facts.
It tests Unit 2 · Corporate Insolvency and Liquidation of Bankruptcy Laws.
Authorities you will need
- Sections 6 to 11 of the Code
- Sections 12 to 15 of the Code
- Sections 16 to 28 of the Code
- Sections 29 to 31 of the Code
How an answer is marked
A full-marks answer names the issue in one line, states the rule with its section, cites the authority, applies it to these facts and concludes — in that order. The app's model answer for this question is written in exactly that shape, with a checklist to mark your own attempt against.