Liquidator's duty to recover and realize corporate assets promptly to maximize stakeholder value during voluntary liquidation. Liquidator's obligation requires proactive identification, recovery and realisation of all assets and dues of the corporate person in a time-bound manner, performed to maximise value for stakeholders during voluntary liquidation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Liquidator's duty to recover and realize corporate assets promptly to maximize stakeholder value during voluntary liquidation.
Liquidator's obligation requires proactive identification, recovery and realisation of all assets and dues of the corporate person in a time-bound manner, performed to maximise value for stakeholders during voluntary liquidation.
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