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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