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Which of the following best describes the role of courts under IBC?

medium Q5 of 15
Banking Awareness - Banking Acts, Reforms & Risk Management
Which of the following best describes the role of courts under IBC?
AThey fix lending rates for banks
BThey supervise and approve insolvency resolution
CThey insure bank deposits
DThey manage bank capital adequacy
Step-by-Step Solution

  1. Step 1: Recall the process under IBC

    IBC follows a judicial process.

  2. Step 2: Identify court involvement

    Courts supervise and approve resolution plans.

  3. Final Answer:

    They supervise and approve insolvency resolution → Option B

  4. Quick Check:

    Court supervision is central to IBC ✅
Quick Trick: Court-led resolution = IBC.
Common Mistakes:
MISTAKES
  • Thinking banks resolve insolvency alone under IBC.
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