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    <title>Dissolution of corporate debtor [ Section 54 ]</title>
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    <description>Dissolution of a corporate debtor follows completion of liquidation when the liquidator applies; the adjudicating authority then orders dissolution from the date of that order and the liquidator must forward a copy of the order to the registry within seven days. The liquidation framework also allows closure of proceedings where the corporate debtor is sold as a going concern under the liquidation regulations, and such closure operates alongside the formal dissolution process.</description>
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