Skip to content

CS Professional · Insolvency and Bankruptcy - Law and Practice · Adjudication and Appeals for Corporate Persons

The liquidator of Dhruv Metals Ltd has completely liquidated its assets and applies to the NCLT for dissolution. The NCLT passes the dissolution order on 10 March. By when must a copy of the order be forwarded to the authority with which the company is registered?

The copy must be forwarded within seven days from the date of the dissolution order, so by 17 March. The period is counted from the order date and not from the liquidator's application, and the copy goes to the authority with which the company is registered.

  1. AWithin seven days of the order, that is by 17 MarchCorrect
  2. BWithin thirty days of the order, that is by 9 April
  3. CWithin fourteen days of the order, that is by 24 March
  4. DWithin seven days of the liquidator's application

Explanation

Under section 54(3), a copy of the dissolution order must be forwarded within seven days from the date of the order to the authority with which the corporate debtor is registered. Seven days from 10 March gives 17 March. The period runs from the order, not from the application.

Did you get it right without looking?

One question tells you little. A timed set on Adjudication and Appeals for Corporate Persons shows your real accuracy, how long you take and where you lose marks.

Practise Adjudication and Appeals for Corporate PersonsFree diagnostic mock

More Adjudication and Appeals for Corporate Persons questions