Liquidation Under the Insolvency and Bankruptcy Code, 2016 | CS Mahima Tulsian

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#Liquidation #IBC #Insolvency
Liquidation is the process of converting a Company’s assets into cash and using those funds to repay, as much as possible, company Debts. Liquidation results in the dissolution of the Company. Insolvency and Bankruptcy Code, 2016 specifies the process of liquidation.

Through this video, CS Mahima Tulsian has explained the complete process of liquidation under the Insolvency and Bankruptcy Code, 2016.

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It is sale as going concern not sell as going concern.

banugi
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Amazing analysis....keep posting more educational content 👏🏻👍🏻

sahilkharbanda
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In case if the funds received are insufficient to repay to the creditors, the company being sick unit, in that case will there be the aspct of collecting the unpaid calls on shares from the shareholders?

yadhagirivaram
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Madam, if the salary dues are pending from July 2019 and covid lockdown was announced in March 2020.Then insolvency was announced in 05.05.2020. RP announced lay off without any time bound.Later liquidation announced in 17.02.202. Our salary dues are beyond 24 months which is admitted in. 53.1.F of IBC.Can we claim lay off salary and the pending salary dues on priority. Also, are we eligible for accured leave encashment due to liquidation. Can I have some points of suggestions under IBC how to claim.

shankar
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Can you tell me about tulip telecom under liqudation

mohanreddyalavala
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speaker Mahima is delivering well. but captions and ppt are just racing ahead and are a big distraction. visuals end one min before the speaker's commentary. pl, realign or edit video to make it more useful.

rajeshshethsbi
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Please, Can you tell me a bit about liquation process of jet airways?

bhutanasia
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I have been asked a question regarding liquidation of corporate debtor. please help me solve this as this is problem based

Q You are the official liquidator of a corporate debtor which is undergoing the liquidation process. Consider the following information and find out how much each equity share will get after the liquidation

Realized funds of the common pool of estate - 20, 000 (crore)
realised funds of secured creditors who dint relinquish their charge over security - 14000 crore
total amount of claims accepted from the secured creditors who dint relinquish charge- 16000 crore
CRIP and liquidation costs and related expenditure- 20 crores
amount due to workers at INR 20 CRORES Per month for 30 months - 600 crores
total claims accepted from secured creditors who relinquished their charge over security- 8400 cores
dues to employees for 18 months- 2400 crores
unsecured creditors - 3000 crores
preference share capital to be redeemed - 2400 crores
number of equity shares- 2 crores

sujitsteven