https://www.taxtmi.com/manuals?id=3094 Liquidation is ordered when resolution fails or a plan is rejected, when the committee of creditors resolves to liquidate before plan confirmation, or when a plan is contravened. The Adjudicating Authority issues a liquidation order that prescribes liquidation procedures, a public announcement, and notice to the registrar. Once ordered, new suits against or by the corporate debtor are barred except those brought by the liquidator with prior approval, and the order operates as a notice of discharge to officers and employees unless business continues under the liquidator. en-us Mon, 14 Aug 2023 17:11:00 +0530 Fri, 08 Dec 2023 15:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=3094 Liquidation is ordered when resolution fails or a plan is rejected, when the committee of creditors resolves to liquidate before plan confirmation, or when a plan is contravened. The Adjudicating Authority issues a liquidation order that prescribes liquidation procedures, a public announcement, and notice to the registrar. Once ordered, new suits against or by the corporate debtor are barred except those brought by the liquidator with prior approval, and the order operates as a notice of discharge to officers and employees unless business continues under the liquidator. Manuals IBC Mon, 14 Aug 2023 17:11:00 +0530 https://www.taxtmi.com/manuals?id=3094