LLB 3 Years Sem 4 Insolvency June 2018 Bankruptcy Question Paper - Mumbai University | munotes

Questions asked in this paper

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1. Q1 State any two grounds on which the Central Government may exercise power to supersede IBBI How is debt defined under IBC? ) What do you understand by discharge of bankrupt? State any two restrictions on bankrupt
2. Q11 short notes on any four (20 b}-Related party (in relation to a debtor) d} Constitution of IBBI for false information etc. by bankrupt Modification or recall of bankriptey order nswer any two (12 ) Bankruptey order is passed against a partnership firm What is the effect of the order on the estate of the bankrupt? li) What are included in the estate of the bankrupt? A debtor wants to apply for initiation of insolvency resolution process in respect of his debts
   • t) When debtor disentitled to make such an application? What do you understand by interim moratorium on such application by a debtor? In the matter of insolvency resolution & liquidation for corporate persons under IBC
   • i) Adjudicating authority lit) Supreme court's power to hear appeals Answer in detail any four (48 are Indigent persons? Explain the procedure for suits by indigent persons }) Discuss the provision of IBC in respect of appointment of liquidater & his powers & duties in the liquidation process of corporate the object of IBC and discuss the powers & functions of IBBI: Discuss the provision regarding (1) after acquired property and (2) onerous property of bankrupt in the process of individuals In the distribution of the estate of Bankrupt
   • i) Explain distribution of interim dividend & final dividend li) Examine the priority of payment of debts
   • f) Discuss IBC provisions in respect of

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