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          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

          Provisions expressly mentioned in the judgment/order text.

          <h1>Initiation of liquidation: adjudicating authority must order liquidation and announce corporate debtor insolvency when plans fail.</h1> Where a resolution plan is not received or is rejected, or where the committee of creditors resolves to liquidate before plan confirmation, the adjudicating authority must pass a liquidation order, make a public announcement, and notify the corporate debtor's register. A prejudicially affected person may seek liquidation if a confirmed plan is contravened; on finding contravention the authority shall order liquidation. After a liquidation order, suits by or against the corporate debtor are generally barred except those brought by the liquidator with prior approval and specified financial sector proceedings excluded; the order serves as notice of discharge to staff unless business continues under the liquidator.

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