Corporate liquidation, also known as winding up, is a formal process through
which a company’s legal existence is brought to an end, whether due to
insolvency, inability to pay debts, or a voluntary decision by its stakeholders
(Insolvency and Bankruptcy Code, 2016) [1]. In India, the prominence of
corporate liquidation has increased significantly following the enactment of the
Insolvency and Bankruptcy Code, 2016 (IBC), which establishes a unified,
time-bound mechanism for the resolution or liquidation of corporate entities
(Insolvency and Bankruptcy Code, 2016) [1].
which a company’s legal existence is brought to an end, whether due to
insolvency, inability to pay debts, or a voluntary decision by its stakeholders
(Insolvency and Bankruptcy Code, 2016) [1]. In India, the prominence of
corporate liquidation has increased significantly following the enactment of the
Insolvency and Bankruptcy Code, 2016 (IBC), which establishes a unified,
time-bound mechanism for the resolution or liquidation of corporate entities
(Insolvency and Bankruptcy Code, 2016) [1].
Liquidation is not merely a
cessation of business operations; it serves as a structured mechanism to
maximize asset realization, ensure equitable distribution of…
