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Dissolution of corporate debtor during corporate insolvency resolution process

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Full Text of the Document

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.... (a) the assets of the corporate debtor are insufficient to meet the insolvency resolution process costs and likely liquidation costs; or (b) the assets available with the corporate debtor are not capable of being effectively realised in the ordinary course of liquidation;  the committee may, by a vote of not less than sixty-six per cent. of the voting share, resolve to seek dis....