Overview on Initiation of Liquidation under the IBC
Initiation of Liquidation under the IBC Who can order for Liquidation? “Adjudicating Authority”, for the purposes of Insolvency and Bankruptcy Code, means National Company Law Tribunal constituted under section 408 of the Companies Act, 2013. When can be liquidation order can be pass by NCLT ? Initiation of Liquidation ( Section 33 on IBC) The …