https://www.taxtmi.com/highlights?id=102306 Section 34 treats continuation of the resolution professional as liquidator as the default position, while replacement is limited to specified statutory grounds. A Committee of Creditors' unanimous recommendation for a liquidator is material and requires consideration; a general bar on appointing an erstwhile interim or resolution professional is not supported where the underlying facts do not apply. Appointment also requires verification of a valid and subsisting Authorisation for Assignment before charge is assumed. Routine liquidation steps taken by an incumbent may remain effective, while the outgoing liquidator may receive costs and fees for work genuinely performed. en-us Mon, 03 Aug 2026 08:20:38 +0530 Mon, 03 Aug 2026 08:20:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=102306 Section 34 treats continuation of the resolution professional as liquidator as the default position, while replacement is limited to specified statutory grounds. A Committee of Creditors' unanimous recommendation for a liquidator is material and requires consideration; a general bar on appointing an erstwhile interim or resolution professional is not supported where the underlying facts do not apply. Appointment also requires verification of a valid and subsisting Authorisation for Assignment before charge is assumed. Routine liquidation steps taken by an incumbent may remain effective, while the outgoing liquidator may receive costs and fees for work genuinely performed. Highlights IBC Mon, 03 Aug 2026 08:20:38 +0530 https://www.taxtmi.com/highlights?id=102306