https://www.taxtmi.com/article/detailed?id=12803 The Tribunal directs formation of an advisory committee of up to twelve members recommended by creditors and contributories; the liquidator files Form WIN 23, advertises dissenting contributories in Form WIN 24, and may apply to the Tribunal where disagreements arise. The committee advises the liquidator, inspects books and assets at reasonable times, holds meetings chaired by the liquidator with specified quorum and majority voting, and vacancies or removals are filled or ordered by creditor/contributory meeting or by the Tribunal. Members and the liquidator are prohibited from purchasing assets or profiting from winding up transactions except by Tribunal leave, with unauthorized transactions set aside or recovered. en-us Fri, 19 Jul 2024 10:21:26 +0530 Fri, 19 Jul 2024 10:21:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12803 The Tribunal directs formation of an advisory committee of up to twelve members recommended by creditors and contributories; the liquidator files Form WIN 23, advertises dissenting contributories in Form WIN 24, and may apply to the Tribunal where disagreements arise. The committee advises the liquidator, inspects books and assets at reasonable times, holds meetings chaired by the liquidator with specified quorum and majority voting, and vacancies or removals are filled or ordered by creditor/contributory meeting or by the Tribunal. Members and the liquidator are prohibited from purchasing assets or profiting from winding up transactions except by Tribunal leave, with unauthorized transactions set aside or recovered. Articles Corporate Laws / IBC / SEBI Fri, 19 Jul 2024 10:21:26 +0530 https://www.taxtmi.com/article/detailed?id=12803