Current Affairs · Insolvency and Bankruptcy Code
For real estate allottees and certain classes of creditors, a Corporate Insolvency Resolution Process (CIRP) application requires a minimum of:
- 150 allottees or 25% of them
- 2100 allottees or 25% of them
- 3100 allottees or 10% of them, whichever is less✓
- 4200 allottees or 5% of them
Correct answer
100 allottees or 10% of them, whichever is less
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