https://www.taxtmi.com/article/detailed?id=16220 Amendments to the liquidation framework under the Insolvency and Bankruptcy Code revise the initiation of liquidation, the moratorium, the appointment and replacement of the liquidator, and the liquidator's powers and duties. The committee of creditors may seek restoration of the corporate insolvency resolution process before a liquidation order is passed, and the Adjudicating Authority must act within a specified time frame on liquidation intimation or application. The earlier claims-related provisions are omitted, while the liquidator is required to maintain claims records and may pursue proceedings concerning avoidance transactions and fraudulent or wrongful trading. en-us Fri, 17 Apr 2026 08:25:32 +0530 Fri, 17 Apr 2026 08:25:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16220 Amendments to the liquidation framework under the Insolvency and Bankruptcy Code revise the initiation of liquidation, the moratorium, the appointment and replacement of the liquidator, and the liquidator's powers and duties. The committee of creditors may seek restoration of the corporate insolvency resolution process before a liquidation order is passed, and the Adjudicating Authority must act within a specified time frame on liquidation intimation or application. The earlier claims-related provisions are omitted, while the liquidator is required to maintain claims records and may pursue proceedings concerning avoidance transactions and fraudulent or wrongful trading. Articles Corporate Laws / IBC / SEBI Fri, 17 Apr 2026 08:25:32 +0530 https://www.taxtmi.com/article/detailed?id=16220