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Liquidation Process Under IBC 2016 by Raymond is a document available to read on EtoBox.

Liquidation under the IBC, 2016 can be ordered when a Corporate Debtor does not receive a Resolution Plan or after 330 days without an extension. The Committee of Creditors (CoC) must pass a resolution with 66% voting to liquidate, and the Resolution Professional can be appointed as Liquidator. The Liquidator is responsible for issuing a public announcement, managing the liquidation estate, and conducting asset sales, with specific reporting requirements to the NCLT.

Author

Raymond

Language

EN