Question Bank

UNIT 3

1. Give definition of Insolvency, bankruptcy and liquidation?
2. What are the requirements of IBC Code?
3. Briefly explain formation of bankruptcy law reform committee.
4. Write a structure of IBC code.
5. What are the reasons for becoming insolvency professional?
6. Briefly note down corporate insolvency resolution process (CIRP).
7. What do u mean by Moratorium as per CIRP?
8. Explain the process of liquidation.
9. Brief note on priorities of payment debt after liquidation.
10. Who can be INVOKE? Also explain offenses and penalties of invoke.
11. Define arbitration along with its amendment and its benefits.
12. What are the types of arbitration?
13. Explain in detail arbitral and non-arbitral disputes.
14. Short note on arbitration agreement.
15. Briefly explain-composition of arbitral tribunal.
16. What are the reasons for failure or termination of mandate?
17. What are the reasons for substitute arbitrator?
18. Brief note on changes in arbitration and conciliation before amendments and after amendments.