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Multiple Choice Questions

The IBC provides for a time limit of 180 days once a case of default is brought to the National Comp...........

English Language (Hr Patwari ) Fill in the blanks

The IBC provides for a time limit of 180 days once a case of default is brought to the National Company Law Tribunal, following a joint decision of creditors accounting for a _______ share of claims on a company.

Auxiliary

Dominant

Minority

Humble

Inconspicuous

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Explanation:

Correct Answer is (b).Logically, creditors having a majority share would take decisions pertaining to a company. Thus, minority and auxiliary (minor) can be eliminated.
Humble and inconspicuous are both absurd and do not fit in.
Only dominant which means majority/main/primary fits in.
Hence, option B is correct.

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