Tax Management India. Com TMI - Tax Management India. Com
Case Laws Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Manuals Articles SMS News Highlights
        Home        
Extracts
Home List
← Previous Next →

Powers and duties of Liquidator.

Section 35 - Act - LIQUIDATION PROCESS - Insolvency and Bankruptcy Code, 2016 - Section 35 - 35.(1) Subject to the directions of the Adjudicating Authority, the liquidator shall have the following powers and duties, namely:- (a) to verify claims of a .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

and prepare a report; (d) to take such measures to protect and preserve the assets and properties of the corporate debtor as he considers necessary; (e) to carry on the business of the corporate debtor for its beneficial liquidation as he considers n .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

or to sell the same in parcels in such manner as may be specified: 1[Provided that the liquidator shall not sell the immovable and movable property or actionable claims of the corporate debtor in liquidation to any person who is not eligible to be a .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

uch instruments were drawn, accepted, made or endorsed by or on behalf of the corporate debtor in the ordinary course of its business; (h) to take out, in his official name, letter of administration to any deceased contributory and to do in his offic .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

purpose of enabling the liquidator to take out the letter of administration or recover the money, be deemed to be due to the liquidator himself; (i) to obtain any professional assistance from any person or appoint any professional, in discharge of h .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

s, civil or criminal, in the name of on behalf of the corporate debtor; (l) to investigate the financial affairs of the corporate debtor to determine undervalued or preferential transactions; (m) to take all such actions, steps, or to sign, execute a .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version