Appointment and Remuneration of Liquidator under IBC [ Section 34 ]
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.... 33, the resolution professional appointed for the corporate insolvency resolution process under Chapter II or for the pre-packaged insolvency resolution process under Chapter III-A shall, subject to submission of a written consent by the resolution professional to the Adjudicatory Authority in specified form, act as the liquidator for the purposes of liquidation unless replaced by the Adjudicatin....
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....iquidation process as they apply in relation to liquidation process with the substitution of references to the liquidator for references to the interim resolution professional. Order to replace the resolution professional [ Section 34(4) ] * The Adjudicating Authority shall by order replace the resolution professional, if- * (a) the resolution plan submitted by the resolution professional und....
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....cified form, within ten days of the direction issued by the Adjudicating Authority under section 34(5). Adjudicating Authority to appoint insolvency professional as the liquidator [ Section 34(7) ] * The Adjudicating Authority shall, on receipt of the proposal of the Board for the appointment of an insolvency professional as liquidator, by an order appoint such insolvency professional as the li....
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