https://www.taxtmi.com/caselaws?id=404386 Where the committee of creditors resolves to liquidate a corporate debtor and the resolution professional communicates that decision to the Adjudicating Authority, liquidation is to follow under section 33(2) of the Insolvency and Bankruptcy Code, subject to statutory compliance. The note also records that the resolution professional may be appointed as liquidator under section 34(1) if eligible and consenting. It further highlights liquidation administration directions on claims, liquidation costs, going concern sale, and reporting obligations under the liquidation regulations, and notes exclusion of the lockdown period for CIRP timeline computation. en-us Thu, 26 Nov 2020 00:00:00 +0530 Tue, 23 Feb 2021 09:16:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404386 Where the committee of creditors resolves to liquidate a corporate debtor and the resolution professional communicates that decision to the Adjudicating Authority, liquidation is to follow under section 33(2) of the Insolvency and Bankruptcy Code, subject to statutory compliance. The note also records that the resolution professional may be appointed as liquidator under section 34(1) if eligible and consenting. It further highlights liquidation administration directions on claims, liquidation costs, going concern sale, and reporting obligations under the liquidation regulations, and notes exclusion of the lockdown period for CIRP timeline computation. Case-Laws Insolvency and Bankruptcy Thu, 26 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404386