https://www.taxtmi.com/acts?id=37295 The liquidator may require the members of the committee to contribute the excess of liquidation costs over the liquid assets of the corporate debtor, as estimated by him, on such terms and conditions as approved by the committee. The provision allocates responsibility for funding the shortfall in liquidation expenses through a contribution mechanism controlled by the liquidator and subject to committee approval. en-us Sat, 27 Jul 2019 11:22:12 +0530 Mon, 08 Jun 2026 16:19:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37295 The liquidator may require the members of the committee to contribute the excess of liquidation costs over the liquid assets of the corporate debtor, as estimated by him, on such terms and conditions as approved by the committee. The provision allocates responsibility for funding the shortfall in liquidation expenses through a contribution mechanism controlled by the liquidator and subject to committee approval. Act-Rules IBC Sat, 27 Jul 2019 11:22:12 +0530 https://www.taxtmi.com/acts?id=37295