1

Mr. X filed an application for initiation of insolvency process before NCLT on 1st Feb, 2019. On ascertaining commission of default by corporate debtor on 10th Feb,2019, NCLT admitted application & declared moratorium. From which date does Corporate Insolvency Resolution Process commence?

  • A

    CIRP process shall commence from date of initiation of insolvency process

  • B

    CIRP process shall commence from date of occurrence of default

  • C

    CIRP process shall commence from date of declaration of moratorium

  • D

    CIRP process shall commence from date of admission of application