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>Liquidators under IBC Section 35: Duties include asset management, creditor claims, and reporting; consultations are non-binding.</h1> Under Section 35 of the Insolvency and Bankruptcy Code (IBC), a liquidator, guided by the Adjudicating Authority, is empowered to verify creditor claims, secure and evaluate the corporate debtor's assets, and conduct business operations for beneficial liquidation. The liquidator can sell assets, handle financial instruments, and engage in legal proceedings. They must report progress to authorities and preserve records for eight years post-dissolution. Stakeholders may be consulted but such consultations are non-binding. Relevant case law highlights the liquidator's duty to protect asset value and manage operations without being compelled to participate in arbitration proceedings.
TaxTMI 
TaxTMI 
