Liquidation Company services

When a corporate debtor's Committee of Creditors is unable to approve a viable resolution plan within the statutory timeline, or where liquidation is otherwise ordered by the National Company Law Tribunal, the company moves from the resolution stage into liquidation under the Insolvency and Bankruptcy Code, 2016. At this stage, a liquidator is appointed to realise the company's assets, settle claims according to the statutory waterfall of priorities set out in the Code, and eventually bring about the dissolution of the corporate entity. This is a highly structured, time-bound process governed by detailed IBBI liquidation regulations, and directly determines how much value creditors and other stakeholders ultimately recover.

Why This Matters

Liquidation is often the last resort in the insolvency lifecycle, and the manner in which it is conducted has a direct bearing on recovery for secured and unsecured creditors, employees, and other claimants. Inefficient asset realisation, disputes over the priority of claims, or procedural lapses in following the liquidation regulations can materially reduce recoveries and expose the liquidator and stakeholders to unnecessary litigation, making experienced, methodical liquidation support essential.

How We Help

Asset Identification and Realisation

We assist in taking custody of and verifying the corporate debtor's assets, arranging independent valuations, and structuring an appropriate sale process, whether through auction, private sale, or sale as a going concern, to maximise realisable value within the statutory timeline.

Claims Verification and the Waterfall Mechanism

We support the receipt and verification of claims from all classes of creditors, apply the statutory order of priority for distribution set out under the Code, and prepare a defensible basis for the distribution of realised proceeds among stakeholders.

Compliance with Liquidation Regulations

We help the liquidator meet the reporting, disclosure, and timeline requirements prescribed by IBBI liquidation regulations, including preparation of the asset memorandum, progress reports, and other filings required by the tribunal.

Closure and Dissolution

Once realisation and distribution are complete, we assist in finalising the liquidator's accounts and supporting the application for dissolution of the corporate debtor before the tribunal, bringing the process to an orderly close.

Who Needs This

• Corporate debtors ordered into liquidation by the tribunal
• Secured and unsecured creditors seeking clarity on recovery under the waterfall
• Committee of Creditors members deciding between resolution and liquidation
• Liquidators seeking process, valuation, and compliance support

Our Approach

We approach liquidation assignments with a focus on speed without sacrificing diligence, recognising that value erodes quickly once a company stops operating as a going concern. Our team combines valuation and asset-realisation expertise with strict adherence to the statutory waterfall and regulatory timelines, so that stakeholders receive a fair, well-documented, and defensible outcome from the process.

Get in Touch

To discuss how we can support you with liquidation services, write to us at info@agarwalurs.com.