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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>Appointment of liquidator: resolution professional may act as liquidator, vested powers transfer and fees paid from liquidation estate.</h1> When the Adjudicating Authority orders liquidation, the resolution professional (with written consent) acts as the liquidator unless replaced; upon appointment all powers of the board and key personnel vest in the liquidator and corporate personnel must assist. The Adjudicating Authority may replace the resolution professional for specified reasons or lack of consent, the Board must propose and secure written consent of another insolvency professional if directed, and the appointed liquidator shall charge fees specified by the Board payable from the liquidation estate proceeds.

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