<h1>Corporate Affairs Minister Orders Swift Rs 3,270 Crore Distribution to Claimants from Defunct Companies' Assets; Calls for Better Liquidation Processes.</h1> The Corporate Affairs Minister directed the swift distribution of Rs 3,270 crore, obtained from the assets of defunct companies, to claimants such as workers and creditors. In a meeting with Official Liquidators, it was noted that 4,988 companies are awaiting dissolution, with 1,046 pending for over 20 years. The Minister emphasized the importance of improving liquidation processes to enhance the investment climate. He assured support for technical upgrades and training, and stressed the need for standardized procedures and timelines. Special training will be organized to enhance the skills of officials handling liquidation proceedings.