Liquidation consultation committee advises on professionals and sale process; earnest money capped and public notices required. The liquidator must constitute a consultation committee within sixty days to advise on appointment of professionals and sale matters, with pre constitution decisions placed before the committee; stakeholder class representative vacancies are filled by majority voting share. Auction rules prohibit non refundable participation fees, cap earnest money deposits at ten percent of the reserve price, require issuance of a public notice, and require the liquidator to intimate and record reasons if the highest bid is rejected in the next progress report.