Inc & Out: How voluntary liquidation has become the new game in town

Mumbai: Voluntary liquidation is rapidly emerging as the preferred route for company promoters seeking to wind down operations, rather than prolonging unviable businesses and absorbing mounting losses alongside compliance costs. Since the inception of the Insolvency and Bankruptcy Code (IBC), about 2,417 companies initiated voluntary liquidation, of which final reports have been submitted in 1,867…

Inc & Out: How voluntary liquidation has become the new game in town

Mumbai: Voluntary liquidation is rapidly emerging as the preferred route for company promoters seeking to wind down operations, rather than prolonging unviable businesses and absorbing mounting losses alongside compliance costs. Since the inception of the Insolvency and Bankruptcy Code (IBC), about 2,417 companies initiated voluntary liquidation, of which final reports have been submitted in 1,867…

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