Completion of liquidation

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....notwithstanding pendency of any application for avoidance of transactions under ^3[****] Part II of the Code, before the Adjudicating Authority or any action thereof: ^5[****]] (2) If the liquidator fails to liquidate the corporate debtor within ^7[one hundred and eighty days], he shall ^8[, on receiving an instruction from the committee under this regulation] make an application to the Adju....

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....ATION No. IBBI/2019-20/GN/REG047 dated 25-07-2019 before it was read as, "(1) The liquidator shall liquidate the corporate debtor within a period of two years." 2.  Substituted vide NOTIFICATION No. IBBI/2019-20/GN/REG047 dated 25-07-2019 before it was read as, "two years" 3.  Omitted vide Notification No. IBBI/2021-22/GN/REG079 dated 30-09-2021 before....