Insertion of new section 34A.

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....4A. 22. After section 34 of the principal Act, the following section shall be inserted, namely:- Replacement of liquidator by committee of creditors. "34A. (1) Where, at any time ....

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....ified. (2) Where the committee of creditors resolves under sub-section (1) to replace a liquidator, it shall apply to the Adjudicating Authority for the appointment of the proposed liquidator....