Amendments in the Insolvency and Bankruptcy Code (IBC) prescribe expeditious admission of Insolvency Applications and recasting the liquidation process for speedier adjudication, besides many others.

Liquidation is the process through which a company's operations are brought to an end and its assets are redistributed. This action can occur for various reasons, including bankruptcy, failure to ...

The IBBI has amended liquidation regulations to place the Committee of Creditors at the center of the process. The changes ...

The way you close your business depends on the nature of the business. You can close a sole proprietorship whenever you wish. However, certain protocols must be followed if you own a limited liability ...

Insolvency regulator IBBI has issued a discussion paper that seeks public comments on several measures aimed at streamlining the voluntary liquidation process. Public comments have been invited on the ...

The sale of assets as a going concern under liquidation is very similar to a Resolution Plan during the insolvency and resolution process. Liquidation kicks in only when the maximum period of 330 days ...

The Ministry of Corporate Affairs on June 29, 2017 came out with an important clarification bringing an end to the uncertainty over proceedings for voluntary winding up initiated under the Companies ...