https://www.taxtmi.com/article/detailed?id=9759 A Stakeholders' Consultation Committee must be constituted within sixty days of liquidation to advise the liquidator on sale and related matters; its composition is category based with specified maxima, representatives may be nominated or selected by highest claims, its advice requires a two thirds vote but is non binding on the liquidator who must record reasons for divergence, convene and chair meetings as required, and maintain consultation particulars in the prescribed Form A while the liquidator prepares and updates a category wise list of stakeholders based on proofs of claim. en-us Tue, 20 Apr 2021 12:56:17 +0530 Tue, 20 Apr 2021 12:56:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9759 A Stakeholders' Consultation Committee must be constituted within sixty days of liquidation to advise the liquidator on sale and related matters; its composition is category based with specified maxima, representatives may be nominated or selected by highest claims, its advice requires a two thirds vote but is non binding on the liquidator who must record reasons for divergence, convene and chair meetings as required, and maintain consultation particulars in the prescribed Form A while the liquidator prepares and updates a category wise list of stakeholders based on proofs of claim. Articles Corporate Laws / IBC / SEBI Tue, 20 Apr 2021 12:56:17 +0530 https://www.taxtmi.com/article/detailed?id=9759