Liquidation under IBC Code PPT - PowerPoint PPT Presentation
Title:
Liquidation under IBC Code PPT
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Liquidation process under the IBC is the most expected course of action in the insolvency resolution process. It involves appointing a liquidator, and ensuring that the company’s assets can be sold in the best way possible to ensure that the claimants of the profits are paid properly. – PowerPoint PPT presentation
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Title: Liquidation under IBC Code PPT
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Liquidation Process under IBC
- Presented By
- Registrationwala
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What Is Liquidation
- Winding up a firm through selling its assets for
cash is called liquidation. Under the Insolvency
and Bankruptcy law this is one of the options to
resolve the insolvency of a corporate debtor.
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How Is Liquidation Initiated?
- Liquidation is initiated after
- The insolvency resolution period has been
unsuccessful. - Majority of COC have voted for liquidation.
- NCLT has decided to fast track the resolution
procedure - The insolvency resolution plan is not followed by
the debtor.
https//www.registrationwala.com/knowledge-base/in
solvency/bankruptcy/liquidation-process-under-ibc
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Who Is A Liquidator?
- A liquidator is a business expert whose job it is
to valuate, and properly liquidate the company
assets.
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How Is A Liquidator Appointed?
- The insolvency professional himself has to act as
the liquidator. However, the following are the
steps if a new liquidator is needed.
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What Are The Duties Of The Liquidator?
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Process Of Liquidation
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Continue
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Continue
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