https://www.taxtmi.com/acts?id=37297 Stakeholders' consultation committee under the liquidation regulations operated as an advisory mechanism to assist the liquidator on matters such as sale, valuation, professionals' remuneration, legal proceedings, liquidation costs, and related distribution issues. It required representative participation from stakeholder classes, proportionate voting, access to relevant records, and periodic meetings convened by the liquidator. The committee's advice was not binding, but departures had to be recorded with reasons, and the committee could also propose replacement of the liquidator by the prescribed majority. The provision is now omitted. en-us Sat, 27 Jul 2019 11:55:51 +0530 Mon, 08 Jun 2026 18:22:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37297 Stakeholders' consultation committee under the liquidation regulations operated as an advisory mechanism to assist the liquidator on matters such as sale, valuation, professionals' remuneration, legal proceedings, liquidation costs, and related distribution issues. It required representative participation from stakeholder classes, proportionate voting, access to relevant records, and periodic meetings convened by the liquidator. The committee's advice was not binding, but departures had to be recorded with reasons, and the committee could also propose replacement of the liquidator by the prescribed majority. The provision is now omitted. Act-Rules IBC Sat, 27 Jul 2019 11:55:51 +0530 https://www.taxtmi.com/acts?id=37297