Liquidation & Winding Up
Service Overview
Service Overview
Liquidation & Winding Up refer to formal legal procedures undertaken to dissolve a company and distribute its assets after settlement of debts and liabilities. This process may arise voluntarily by shareholder decision or compulsorily through tribunal orders under applicable corporate and insolvency laws.
In insolvency-based liquidation, proceedings are conducted under the Insolvency and Bankruptcy Code before the NCLT. In other cases, winding up may occur under the Companies Act through tribunal supervision.
The process involves appointment of a liquidator, verification of creditor claims, sale of assets, distribution of proceeds as per statutory priority, compliance filings, and final dissolution of the company.
This service includes advisory on voluntary liquidation, representation in winding-up petitions, creditor claim assistance, compliance management, and tribunal representation.
The objective is to ensure structured closure of business operations, lawful settlement of liabilities, and proper regulatory compliance.