https://www.taxtmi.com/article/detailed?id=11016 Liquidation arises if the insolvency resolution process fails or the Committee of Creditors holding at least sixty-six percent voting share resolves to liquidate; the Adjudicating Authority appoints a liquidator whose powers supersede the board. The liquidator issues a public announcement calling stakeholders to submit or update claims within thirty days, collects and verifies claims within prescribed periods, admits or rejects claims with reasons, handles secured creditor options to relinquish or realize security subject to timelines and payments to the liquidator, and prepares a filed stakeholder list subject to modification and inspection. en-us Mon, 23 Jan 2023 11:06:14 +0530 Mon, 23 Jan 2023 11:06:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11016 Liquidation arises if the insolvency resolution process fails or the Committee of Creditors holding at least sixty-six percent voting share resolves to liquidate; the Adjudicating Authority appoints a liquidator whose powers supersede the board. The liquidator issues a public announcement calling stakeholders to submit or update claims within thirty days, collects and verifies claims within prescribed periods, admits or rejects claims with reasons, handles secured creditor options to relinquish or realize security subject to timelines and payments to the liquidator, and prepares a filed stakeholder list subject to modification and inspection. Articles Corporate Laws / IBC / SEBI Mon, 23 Jan 2023 11:06:14 +0530 https://www.taxtmi.com/article/detailed?id=11016