https://www.taxtmi.com/acts?id=53994 Amendment of section 33 restructures the liquidation framework by introducing express powers to declare moratorium, appoint a liquidator, and permit dissolution-related consequences. It creates a restoration mechanism requiring consideration of a committee of creditors application supported by sixty-six per cent voting share before a liquidation order is passed, with restoration possible only once and within specified time limits. It also mandates a liquidation order within thirty days, expands the Adjudicating Authority's consequential powers, omits a prior sub-section, and restricts post-liquidation proceedings except with leave of the Adjudicating Authority. en-us Tue, 07 Apr 2026 13:04:21 +0530 Tue, 07 Apr 2026 13:04:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53994 Amendment of section 33 restructures the liquidation framework by introducing express powers to declare moratorium, appoint a liquidator, and permit dissolution-related consequences. It creates a restoration mechanism requiring consideration of a committee of creditors application supported by sixty-six per cent voting share before a liquidation order is passed, with restoration possible only once and within specified time limits. It also mandates a liquidation order within thirty days, expands the Adjudicating Authority's consequential powers, omits a prior sub-section, and restricts post-liquidation proceedings except with leave of the Adjudicating Authority. Act-Rules F. Acts / Amendment Acts Tue, 07 Apr 2026 13:04:21 +0530 https://www.taxtmi.com/acts?id=53994