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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Liquidators Must Distribute Liquidation Proceeds Within 30 Days, Deduct Costs, With Possible Asset Distribution Under Regulation 35</h1> Regulation 35 of the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 mandates that the liquidator must distribute the proceeds from liquidation within thirty days of receiving the amount to the stakeholders. Before distribution, liquidation costs are to be deducted. Additionally, with the corporate person's approval, the liquidator may distribute assets that cannot be easily or advantageously sold due to their unique nature or special circumstances.
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