Mumbai University Solved Question Papers
Bankruptcy Laws
Previous Year Question Paper with Solution
LLB 3 years · Sem 4
Oct 2025 - 75/25 Examination
munotes.in
Mumbai
LLB 3 years Sem 4 Bankruptcy Laws Oct 2025 - 75/25 Question Paper with Solutions
Get access to whole semester resourcesSemester Pass
MU law student group
Free to join
First published on munotes.in on 24 October 2026.
Published by munotes.in, Mumbai.
Model answers written and edited by the munotes.in editorial desk.
Passages from this volume may be quoted, in print, online or by an AI system, with credit: name munotes.in and link to this volume's page. The volume may not be reproduced as a whole. Full terms at munotes.in/content-license.
munotes.in is an independent study resource for students of the University of Mumbai. It is not affiliated with the University of Mumbai, and is not endorsed by it.
The University does not publish an official answer key for this paper. The answers in this volume are model answers, written to show how a full-mark answer is built. They are a study aid, not an authority on what an examiner marked.
The question paper reproduced here is the paper as set by the University of Mumbai at the Oct 2025 - 75/25 examination.
Contents
The questions below are the paper as the University of Mumbai set it at the Oct 2025 - 75/25 examination, in the order it was set.
MarksPage
MarksPage
MarksPage
The Paper as Set
The questions in this volume are the questions asked at the Oct 2025 - 75/25 examination, reproduced as the University of Mumbai set them, in the order it set them. Nothing has been reworded, added or left out. Only the answers are ours. See the original question paper.
Duration 2½ hours · Total marks 75 · 21 questions answered
Instructions printed on the paper
- N.B: 1. Please check if you have received the correct Question Paper; 2. Answer all Questions as per the instructions given; 3. Do not reveal your identity or put any signs, markings, inscriptions anywhere on your answer sheets; 4. Give relevant case laws / references / illustrations.
How to use this volume
Solve the paper first, under exam conditions and against the clock. Then read the answers here and mark your own. Reading a solution before attempting the question feels productive and teaches very little, because recognising an answer is not the same as being able to write one.
Q.1
Q.1: Answer any six of the following
12 Marks - 2 marks each
(a)What are the Core Services rendered by an Information Utility?[2]
Answer
Section 3(9) defines core services as the services rendered by an information utility for:
- accepting electronic submission of financial information, in the form and manner specified;
- safe and accurate recording of financial information;
- authenticating and verifying the financial information submitted by a person; and
- providing access to information stored with the utility to persons as specified.
These four services turn scattered loan records into authenticated proof. A financial creditor must submit financial information to a utility (section 215(2)). Since 26 May 2026 an operational creditor must do so before filing under section 9 (section 215(3)). The debtor authenticates the record, and if it stays silent the record is deemed authenticated (section 215(4)).
Who may provide them. Only a person registered with the IBBI under section 210 may act as an information utility (section 209). It must be a public company with a net worth of at least fifty crore rupees, whose sole object is to provide core services (regulation 3, IU Regulations). It must give core services to any person who meets the specified terms (section 213).
Why they matter. A record of default with a utility lets the NCLT find default quickly. In Innoventive Industries Ltd. v. ICICI Bank (2018) 1 SCC 407 the Supreme Court held that default may be ascertained from the records of an information utility. Explanation II to section 7(5) (2026) makes such a record, filed by a financial institution, sufficient.
The rest of the answers
The first answer is free. The rest come with the LL.B. 3 Years Semester 4 solved papers.
You have read the question paper and its first answer in full. Buy the solved papers once and you can read every answer of every solved paper in this semester.
Notes + Solved papers: ₹798 Already bought it? Sign in
Or solved papers only: ₹499
Or notes only: ₹499
The question paper itself stays free, and so does the syllabus.
Found an error in this volume? Report it and we will check it against the paper.