Liquidation Process

Liquidation is intended to ensure that the companys assets are protected and its maximum value is realized and distributed judiciously among the stakeholders. During liquidation, the company ceases business operations. Its assets and affairs are passed on to an independent liquidator. We provide support in all aspects of liquidation; either under compulsory or voluntary liquidation. Our services include:

  • Advise on reporting requirements, verification of claims, realization of assets and distribution of proceeds
  • Assistance in appoint professionals such as Registered Valuers for valuation of the assets of the Corporate Debtor; auditors for receipt and payment account, brokers for the sale of assets and even for selling the Corporate Debtor as going concern
  • Advise on initiation of the liquidation process
  • Providing all types of support to Liquidator
  • Protection of assets as well as support in liquidation of assets by following most transparent methods and helping in realizing maximum value
  • Advise on reporting requirements, verification of claims, realization of assets and distribution of proceeds
  • Take Responsibility to maintain a panel of professionals after verification of key documents, antecedents and performance history for the purpose of their appointment for Corporate Debtors. Maintains a panel of advocates, auditors, registered valuers, media agencies, security service providers, etc. to be used for the Liquidation Process.
  • Assist in preparing brief details of each asset and collect all the title documents and other details for proper due diligence of prospective buyers.
  • Assist increasing a Virtual Data Room (VDR) for uploading all the relevant documents, title papers, list of assets, etc for faster transfer of information to prospective bidders The leads generated out of all efforts are captured in software and all the leads are attended regularly to develop them as a bidder. Human resources posted are various cities co-ordinate for inspection of the asset by the prospective bidders.
 
     
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