Committee of creditors' power to liquidate allowed before resolution plan confirmation, including prior to information memorandum preparation. The Amendment clarifies that the committee of creditors may decide to liquidate the corporate debtor any time after its constitution and before the confirmation of the resolution plan, including at any time before the preparation of the information memorandum.
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Provisions expressly mentioned in the judgment/order text.
Committee of creditors' power to liquidate allowed before resolution plan confirmation, including prior to information memorandum preparation.
The Amendment clarifies that the committee of creditors may decide to liquidate the corporate debtor any time after its constitution and before the confirmation of the resolution plan, including at any time before the preparation of the information memorandum.
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