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Discussion

IBBI handles the cases by using _______

  • A.NCLT
  • B.Debt recovery tribunal
  • C.ICJ
  • D.Both (A) and (B)

Answer: D

Correct answer: Both (A) and (B)

Cases are heard by two forums, according to the debtor. The National Company Law Tribunal takes insolvency of companies and limited liability partnerships; the Debt Recovery Tribunal takes that of individuals and partnership firms. The ICJ is the International Court of Justice and has nothing to do with it.

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