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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>Liquidator powers and duties: verify claims, preserve and realise assets, settle claims and pursue legal processes during liquidation.</h1> Section 35 vests the liquidator with powers to verify creditor claims; take custody, evaluate, protect and preserve the corporate debtor's assets; carry on business for beneficial liquidation; sell movable and immovable property and actionable claims by auction or private contract; invite and settle claims and distribute proceeds; institute or defend legal proceedings; investigate transactions for undervalue or preference; engage professionals; execute necessary documents and use the common seal; apply to the Adjudicating Authority for directions and report progress. Consultations with stakeholders are permitted but not binding, and records must be shared as specified by the Board.

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