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Liquidator
A Liquidator is an insolvency professional appointed to conduct the liquidation process of a corporate debtor under the Insolvency and Bankruptcy Code, 2016. The Liquidator takes control of assets, verifies claims, realises value, distributes proceeds, and completes the closure process in accordance with applicable law.
Liquidation requires careful handling of creditor claims, asset valuation, public announcements, stakeholder communication, statutory filings, sale processes, distribution priorities, and compliance with IBBI and NCLT requirements.
We provide professional support for Liquidator assignments, assisting with liquidation process management, claim verification, asset realisation, stakeholder coordination, compliance documentation, distribution support, and closure filings.
Our Liquidator Services
Liquidation Process Support
Assistance in managing liquidation proceedings under the Insolvency and Bankruptcy Code and IBBI regulations.
Public Announcement
Support with liquidation commencement announcements, creditor communication, and claim invitation procedures.
Claim Verification
Verification of claims submitted by financial creditors, operational creditors, workmen, employees, and stakeholders.
Asset Control & Preservation
Support in taking custody and control of assets, records, books of accounts, contracts, and statutory documents.
Valuation & Asset Sale Support
Coordination with valuers, preparation of sale documents, auction support, and asset realisation assistance.
Stakeholder Consultation
Support for stakeholder consultation committee meetings, notices, minutes, voting records, and communication.
Distribution Support
Assistance in distribution of liquidation proceeds in accordance with priority waterfall under the IBC.
Regulatory Filings & Closure
Support with IBBI, NCLT, compliance reports, progress reports, final reports, and dissolution applications.
Our Liquidation Support Process
1
Appointment & Case Review
Understanding the liquidation order, corporate debtor status, asset position, creditor profile, and process timelines.
2
Claims & Asset Control
Inviting and verifying claims, taking control of assets, reviewing records, and preparing stakeholder information.
3
Valuation & Realisation
Coordinating valuation, preparing sale strategy, managing auction or sale process, and realising asset value.
4
Distribution & Reporting
Supporting distribution of proceeds, maintaining records, preparing reports, and handling statutory filings.
5
Final Closure
Preparing final report, closure documents, dissolution application, and supporting completion of liquidation process.
Why Liquidator Support Matters
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Ensures compliant conduct of liquidation proceedings
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Supports accurate claim verification and creditor records
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Helps protect and realise value from corporate debtor assets
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Improves transparency with creditors and stakeholders
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Supports proper distribution under the IBC waterfall mechanism
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Reduces process delays and compliance gaps
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Strengthens documentation for NCLT and IBBI filings
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Supports smooth dissolution and final closure process
FAQs on Liquidator
Who is a Liquidator?
A Liquidator is an insolvency professional appointed to conduct the liquidation process of a corporate debtor, take control of assets, verify claims, realise value, distribute proceeds, and complete dissolution as per the Insolvency and Bankruptcy Code.
When is a Liquidator appointed?
A Liquidator is generally appointed when the NCLT passes a liquidation order, usually after failure of the resolution process, rejection of a resolution plan, or a decision by the Committee of Creditors to liquidate the corporate debtor.
What are the duties of a Liquidator?
The duties include making public announcements, receiving and verifying claims, taking custody of assets, valuing and selling assets, maintaining records, distributing proceeds, filing reports, and applying for dissolution.
Does a Liquidator sell company assets?
Yes, the Liquidator is responsible for realising the value of the corporate debtor's assets through sale, auction, assignment, or other permitted methods under the IBC and IBBI regulations.
How are liquidation proceeds distributed?
Liquidation proceeds are distributed according to the priority waterfall mechanism prescribed under Section 53 of the Insolvency and Bankruptcy Code.
What is the Stakeholders' Consultation Committee?
The Stakeholders' Consultation Committee is a committee formed during liquidation to advise the Liquidator on matters such as asset sale, process strategy, and stakeholder concerns, subject to applicable regulations.
What happens after liquidation is completed?
After completing asset realisation, distribution, reporting, and required filings, the Liquidator applies to the NCLT for dissolution of the corporate debtor.
Manage Liquidation Proceedings with Professional Support
Get expert assistance for liquidator assignments, claim verification, asset realisation, stakeholder coordination, IBC compliance, and final closure.
Talk to Our Insolvency Team