Ravi Singh
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Liquidation, expressed simply, is the process through which a business ends its operations. The business may opt to shut down for a number of reasons, such as an unwillingness to carry on with business as usual, insolvency, and so on. Liquidation of a company refers to the process of selling a corporation’s assets to pay obligations and settle liabilities.
In the event that a business is liquidated owing to bankruptcy, the liquidator may sell the company’s assets to satisfy all outstanding debts. Any money left over after paying the creditors is distributed to the company’s shareholders. Liquidation of a company is a complicated process.
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Senior Professional Having 30 years experience in Direct and Indirect Tax, Companies Act, Trademark Act, FSSAI Matters, Labour laws and has done all types of works from procedural formalities to litigation
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