Powers of Liquidator to access information [ Section 37 ]

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..... the corporate debtor. Further, it is required to evaluate whether the corporate debtor has been subject to any avoidance transactions and to understand the correct financial position of the corporate debtor. Liquidators have statutory powers to access information. Under section 19 of the IBC, the IRP/RP has the right to apply to the Adjudicating Authority to direct the personnel of the corp .....

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..... ding any registration authorities; (d) information systems for financial and non-financial liabilities regulated under any law for the time being in force; (e) information systems for securities and assets posted as security interest regulated under any law for the time being in force; (f) any database maintained by the Board; and (g) any other source as may be specified by the .....

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..... direct any of the following people to extend cooperation: (a) a person who is or has been an officer, auditor, employee, promoter, or partner of the CD; (b) a person who was the IRP, RP, or former liquidator of the CD; or (c) a person who is in possession of any property of the CD. The liquidator, however, should bear in mind that such an application can be made on .....

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