TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Liquidator's Role Under Section 35: Manage Liquidation, Verify Claims, Secure Assets, Settle Claims, Report Progress</h1> Under Section 35 of the Insolvency and Bankruptcy Code, 2016, a liquidator is empowered to manage the liquidation process of a corporate debtor. The liquidator's duties include verifying creditor claims, securing and evaluating the debtor's assets, and taking necessary measures to preserve them. They may continue business operations for beneficial liquidation, sell assets, and handle negotiable instruments. The liquidator can seek professional assistance, settle creditor claims, and manage legal proceedings. They are also tasked with investigating financial affairs for undervalued transactions and reporting liquidation progress to the Adjudicating Authority. Stakeholder consultations are permitted but not binding.
TaxTMI 
TaxTMI 
