https://www.taxtmi.com/acts?id=40978 When the committee decides to liquidate under section 33 it must examine whether to pursue a compromise or arrangement, and the resolution professional must submit the committee's recommendation to the Adjudicating Authority when filing the liquidation application; if such a recommendation is made, the resolution professional and the committee must continue to explore the possibility while the application is pending. en-us Sat, 17 Sep 2022 16:09:15 +0530 Sat, 17 Sep 2022 16:09:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40978 When the committee decides to liquidate under section 33 it must examine whether to pursue a compromise or arrangement, and the resolution professional must submit the committee's recommendation to the Adjudicating Authority when filing the liquidation application; if such a recommendation is made, the resolution professional and the committee must continue to explore the possibility while the application is pending. Act-Rules IBC Sat, 17 Sep 2022 16:09:15 +0530 https://www.taxtmi.com/acts?id=40978