We all are familiar f the fact that liquidation of the company is kind of painful. It is not just painful and stressful for the directors of the company but also for the creditors of the company. To relieve the stress to some extent, people get the help of business rescue.
There is no single answer to the question regarding the liquidation procedure of a company. there are so many aspects that are to be kept in mind regarding liquidation and only then we can proceed with the process of liquidation. If the liquidation is voluntary, the scenario will be different and if it is involuntary, things will be dealt with in a different manner.
Company Liquidation Process (compulsory liquidation)
People need to have a basic understanding of the …
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