Insolvency and Bankruptcy Code, 2016
Insolvency and Bankruptcy Code, 2016
III · Section 54

Dissolution of corporate debtor

Synced on 05 Jul 2026Text as per India Code

(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. [CHAPTER III-A PRE-PACKAGED INSOLVENCY RESOLUTION PROCESS

Judgments on Section 54