https://www.taxtmi.com/acts?id=31012 When the Adjudicating Authority orders liquidation, the resolution professional (with written consent) acts as the liquidator unless replaced; upon appointment all powers of the board and key personnel vest in the liquidator and corporate personnel must assist. The Adjudicating Authority may replace the resolution professional for specified reasons or lack of consent, the Board must propose and secure written consent of another insolvency professional if directed, and the appointed liquidator shall charge fees specified by the Board payable from the liquidation estate proceeds. en-us Tue, 02 Jan 2018 14:15:31 +0530 Fri, 13 Aug 2021 14:42:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31012 When the Adjudicating Authority orders liquidation, the resolution professional (with written consent) acts as the liquidator unless replaced; upon appointment all powers of the board and key personnel vest in the liquidator and corporate personnel must assist. The Adjudicating Authority may replace the resolution professional for specified reasons or lack of consent, the Board must propose and secure written consent of another insolvency professional if directed, and the appointed liquidator shall charge fees specified by the Board payable from the liquidation estate proceeds. Act-Rules IBC Tue, 02 Jan 2018 14:15:31 +0530 https://www.taxtmi.com/acts?id=31012