Central · Act 31 of 2016

Section 54 — Dissolution of corporate debtor.

The Insolvency and Bankruptcy Code, 2016.

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(1) Where the assets of the corporate debtor have been completely liquidated, the liquidator shall make an application to the Adjudicating Authority for the dissolution of such corporate debtor.

(2) The Adjudicating Authority shall on application filed by the liquidator under sub-section (1) order that the corporate debtor shall be dissolved from the date of that order and the corporate debtor shall be dissolved accordingly.

(3) A copy of an order under sub-section (2) shall within seven days from the date of such order, be forwarded to the authority with which the corporate debtor is registered.

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India Code, Government of India. Text fetched 09 Oct 2026. Source metadata reports last modification: 2024-07-25. Check the linked official text and subsequent notifications when applying a provision.

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Section 54 — Dissolution of corporate debtor. | The Insolvency and Bankruptcy Code, 2016. | NYAYA SIGNALNYAYA SIGNAL · Free access · Official source references

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