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Section 32A

Liability for prior offences, etc.

Back to ActAct Subordinates
32A. Liability for prior offences, etc. CHAPTER III LIQUIDATION PROCESS Initiation of liquidation. Appointment of liquidator and fee to be paid. Powers and duties of liquidator . Liquidation estate. Powers of liquidator to access information . Consolidation of claims . Verification of claims . Admission or rejection of claims . Determination of valuation of claims . Appeal against the decision of liquidator . Preferential transactions and relevant time. Orders in case of preferential transactions. Avoidance of undervalued transactions. Relevant period for avoidable transactions. SECTIONS Application by creditor in cases of undervalued transactions. Order in cases of undervalued transactions. Transactions defrauding creditors. Extortionate credit transactions. Orders of Adjudicating Authority in respect of extortionate credit transactions. Secured creditor in liquidation proceedings. Distribution of assets. Dissolution of corporate debtor. CHAPTER III -A PRE -PACKAGED INSOLVENCY RESOLUTION PROCESS