Date : 19-04-2020
Under insolvency and bankruptcy law, it’s always not been the situation that the resolution process for the revival of corporate debtor initiated under the code becomes successful and everyone gets the satisfied solution. In such situation, liquidation of the debtor becomes the last option.
There could be following four situations under which liquidation can be ordered:-
To develop more understanding on the subject you may read our other blogs on Insolvency and bankruptcy code.
Author : EasyLegalTax