The outbreak of the coronavirus (COVID-19) is an unprecedented event that has led to the lockdowns and unanticipated restrictions on the public as well as the corporate sector in the various country of the world. Similar India has also been affected by the second wave of coronavirus and to control the spread of Covid-19, the…
Section 59 of the Insolvency & Bankruptcy Code, 2016 deals with the provisions related to Voluntary Liquidation of Corporate Persons. Pre-requisites for initiation of voluntary liquidation proceedings: Intention to liquidate itself voluntarily. Not committed any default under the provisions of Chapter V of Insolvency & Bankruptcy Code, 2016. Conditions to be fulfilled for voluntary liquidation…
