https://www.taxtmi.com/acts?id=31032 The liquidator must apply for dissolution after complete liquidation of the corporate debtor's assets, subject to extension for sufficient reasons. Pending avoidance, fraudulent or wrongful trading, and related proceedings are to be dealt with by the committee of creditors, including continuation of suits and distribution of proceeds. On application or on the committee's decision to dissolve, the Adjudicating Authority orders dissolution, with any remaining assets to be disposed of as specified and the proceeds applied to insolvency resolution process costs and the Insolvency and Bankruptcy Fund. en-us Tue, 02 Jan 2018 14:40:38 +0530 Tue, 26 May 2026 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31032 The liquidator must apply for dissolution after complete liquidation of the corporate debtor's assets, subject to extension for sufficient reasons. Pending avoidance, fraudulent or wrongful trading, and related proceedings are to be dealt with by the committee of creditors, including continuation of suits and distribution of proceeds. On application or on the committee's decision to dissolve, the Adjudicating Authority orders dissolution, with any remaining assets to be disposed of as specified and the proceeds applied to insolvency resolution process costs and the Insolvency and Bankruptcy Fund. Act-Rules IBC Tue, 02 Jan 2018 14:40:38 +0530 https://www.taxtmi.com/acts?id=31032