Dissolution of the corporate debtor requires liquidation completion, pending proceeding management, and timely judicial order issuance. Dissolution of the corporate debtor follows completion of liquidation and is initiated by the liquidator's application within 180 days from the liquidation commencement date, subject to extension for up to 90 days on sufficient reasons. Pending proceedings relating to avoidance transactions, fraudulent or wrongful trading, section 47, and suits concerning distributable proceeds are to be continued and managed by the committee of creditors for pursuit and distribution. The Adjudicating Authority must pass the dissolution order, forward a copy within seven days, and record reasons if the order is delayed beyond 30 days.