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Law · Q43

Indian Companies Act

Graduate and Post Graduate · Law · question 43

Q43

A company shall be deemed to be unable to pay its debts:

A.
If the company has failed to pay the sum within 21 days after the receipt of such demand
B.
If any execution process issued on a decree in favour of a creditor is returned unsatisfied
C.
If it is proved to the satisfaction of the Tribunal that the company is unable to pay its debts
D.
All of the above
Answer

Answer: Option D

Solution

Answer: Option D
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