Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 Chapter VII PROCEEDS OF LIQUIDATION AND DISTRIBUTION OF PROCEEDS
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Distribution of liquidation proceeds requires prompt payment, deduction of liquidation costs, and possible in-kind transfers with corporate approval. The liquidator must promptly distribute realized proceeds to stakeholders after deducting liquidation costs, and may, with corporate approval, transfer an ... Summary
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Distribution of liquidation proceeds requires prompt payment, deduction of liquidation costs, and possible in-kind transfers with corporate approval.
The liquidator must promptly distribute realized proceeds to stakeholders after deducting liquidation costs, and may, with corporate approval, transfer an unsalable or peculiar asset directly to stakeholders instead of selling it.
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