Amendment of section 34.

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....quidation of the corporate debtor under section 33, it shall refer to the Board for making recommendation of an insolvency professional to be appointed as the liquidator and on receipt of the recommendation, appoint such insolvency professional as the liquidator."; (b) for sub-sections (3), (4), (5) and (6), the following sub-sections shall be substituted, namely:- "(3) Any perso....

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....n and voluntary liquidation process, respectively. (4) Notwithstanding anything contained in this section and section 34A, an insolvency professional appointed as a resolution professional for the corporate insolvency resolution process under Chapter II, shall not be appointed or replaced as the liquidator for the liquidation process of such corporate debtor. (5) After an order o....