LL.B. (Three Years) Sem 4 Insolvency Nov 2019 Bankruptcy Laws Question Paper - Mumbai University | munotes

Questions asked in this paper

• 2. Figures to the right indicate full marks

1. Q1 Write brief answers (10 x 2 =20 Marks)
   • a. Who is the adjudicating authority under IBC in respect of
   • b. How is financial information defined?
   • c. Who is an indigent person?
   • d. What is
   • e. What is Insolvency & fund? Who is a designated partner?
   • g. What are core services?
   • h. What is a resolution plan?
   • i. What is operational debt?
   • j. Who is a bankruptcy trustee? Write short notes (Any Four) :- (4x 5=20 Marks)
   • a. Objects of IBC
   • c. Amendments to IBC
   • d. Financial Creditors
   • f. Preference Transactions
2. Q3 Answer any Two :- (6 x 2=12 Marks)
   • a. IBC applies to a variety of persons in relation to their insolvency, liquidation ete
   • 1) Who is a person under
   • ii) To whom does the code apply?
   • b. Chapter Il of IBC Part II deals with corporate Insolvency Resolution Process
   • i) Who are the persons who can initiate corporate insolvency resolution process? How can admitted applications for initiating the process be withdrawn? Bros.” is a partnership firm in the textile trade, Bankruptcy order is passed against the firm
   • i) What are the effects of the order?
   • ii) Bring out the difference between limited liability partnership and partnership firm
3. Q4 Write the answer in detail (Any Four) :- (12 x Marks)
   • 1. Discuss the constitution, powers & functions of IBBI
   • 2. Examine the provisions governing suits by paupers
   • 3. What is the liquidation process of a corporate person’?
   • 4. Discuss the fresh start process
   • 5. How does IBC deal with the distribution of the estate of an individual adjudicated as a bankrupt’
   • 6. Discuss the role of insolvency professionals under IBC in the insolvency & bankrupte Please check whether you have got the right question paper,
   • (i) (ii)
   • 3) ara?
   • 3) ary

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