Liquidation final report and compliance certificate govern the application for dissolution or closure of the liquidation process. Final report prior to dissolution requires the liquidator to prepare an account of the liquidation showing how the process was conducted and how the corporate debtor's assets were liquidated. The liquidator must then submit an application with the final report and compliance certificate, in the notified format, to the Adjudicating Authority for dissolution of the corporate debtor or closure of the liquidation process.
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.
Liquidation final report and compliance certificate govern the application for dissolution or closure of the liquidation process.
Final report prior to dissolution requires the liquidator to prepare an account of the liquidation showing how the process was conducted and how the corporate debtor's assets were liquidated. The liquidator must then submit an application with the final report and compliance certificate, in the notified format, to the Adjudicating Authority for dissolution of the corporate debtor or closure of the liquidation process.
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