54. (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.