Law · Insolvency and Bankruptcy Code
As per the Insolvency and Bankruptcy Code, 2016, 'Insolvency Commencement Date' refers to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The date liquidation proceedings begin
- 2The date on which NCLT admits an application under Sections 7, 9, or 10✓
- 3The date the resolution plan is approved
- 4The date the corporate debtor first defaults
Correct answer
The date on which NCLT admits an application under Sections 7, 9, or 10
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