https://www.taxtmi.com/article/detailed?id=8460 Voluntary liquidation requires directors' affidavit of solvency, supporting audited financials and valuation, and member and creditor approvals; regulatory guidance treats solvency and absence of pending litigation as essential. In the cited case the adjudicating authority found receivables unrecoverable and pending litigations significant, concluded the regulatory ingredients were not satisfied, and suspended the voluntary liquidation while noting conversion to compulsory winding up was not appropriate. en-us Fri, 12 Apr 2019 05:05:15 +0530 Fri, 12 Apr 2019 05:05:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8460 Voluntary liquidation requires directors' affidavit of solvency, supporting audited financials and valuation, and member and creditor approvals; regulatory guidance treats solvency and absence of pending litigation as essential. In the cited case the adjudicating authority found receivables unrecoverable and pending litigations significant, concluded the regulatory ingredients were not satisfied, and suspended the voluntary liquidation while noting conversion to compulsory winding up was not appropriate. Articles Corporate Laws / IBC / SEBI Fri, 12 Apr 2019 05:05:15 +0530 https://www.taxtmi.com/article/detailed?id=8460