https://www.taxtmi.com/acts?id=31012 Appointment of a liquidator follows an order of liquidation, with the Adjudicating Authority referring the matter to the Board for recommendation of an insolvency professional and appointing the proposed professional as liquidator on receipt of that recommendation. Once appointed, the powers of the board of directors, key managerial personnel and partners cease and vest in the liquidator, while connected persons must extend assistance and cooperation. The resolution professional must forward all records of the corporate insolvency resolution process, and the liquidator's fees are payable from the liquidation estate proceeds. en-us Tue, 02 Jan 2018 14:15:31 +0530 Tue, 26 May 2026 11:43:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31012 Appointment of a liquidator follows an order of liquidation, with the Adjudicating Authority referring the matter to the Board for recommendation of an insolvency professional and appointing the proposed professional as liquidator on receipt of that recommendation. Once appointed, the powers of the board of directors, key managerial personnel and partners cease and vest in the liquidator, while connected persons must extend assistance and cooperation. The resolution professional must forward all records of the corporate insolvency resolution process, and the liquidator's fees are payable from the liquidation estate proceeds. Act-Rules IBC Tue, 02 Jan 2018 14:15:31 +0530 https://www.taxtmi.com/acts?id=31012