Section 26

85 The filing of an application in respect of an avoidance transaction or fraudulent or wrongful trading or under section 47,

shall not affect the proceedings of the corporate insolvency resolution process or the liquidation process, as the case may be. Explanation.––For the removal of doubts, it is hereby clarified that the completion of the corporate insolvency

resolution process or the liquidation process shall not affect the continuation of proceedings in respect of an avoidance transaction or fraudulent or wrongful trading or under section 47, as the case may be.