Application for avoidance of transactions not to affect proceedings.

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Full Text of the Document

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....n 47, shall not affect the proceedings of the corporate insolvency resolution process or the liquidation process, as the case may be. Explanation.-For the removal of doubts, it is hereby clarified that the completion of the corporate insolvency resolution process or the liquidation process shall not affect the continuation of proceedings in respect of an avoidance transaction or fraudulent or w....