The ---------is prepared by insolvency resulation applicant and submitted to insolvency professional who seek the consent of committee of creditors.
A)Insolvency resulation plan
B)Rehabilitation plan
C)Insolvency report
D)Resulation draft

Question

Quizplus · Accepted Answer

The correct term is "Insolvency Resolution Plan." This plan is prepared by the insolvency resolution applicant and submitted to the insolvency professional, who then seeks the consent of the committee of creditors to proceed with the plan for resolving the insolvency of the debtor.

The ---------Is Prepared by Insolvency Resulation Applicant and Submitted to Insolvency