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 Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 34 IBC: Liquidator Appointed Post-Liquidation Order, Assumes Board Powers, Paid from Liquidation Estate Proceeds.</h1> Under Section 34 of the Insolvency and Bankruptcy Code (IBC), when a corporate debtor is ordered for liquidation, the resolution professional from the insolvency resolution process typically becomes the liquidator, unless replaced by the Adjudicating Authority. The liquidator assumes all powers of the board and key managerial personnel, and the debtor's personnel must cooperate. If the resolution professional is replaced, the Adjudicating Authority directs the Insolvency and Bankruptcy Board of India (IBBI) to propose a new insolvency professional, who is then appointed as liquidator. The liquidator's fees are determined by the Board and paid from the liquidation estate proceeds.
TaxTMI 
TaxTMI 
