Special lecture on “POWERS AND DUTIES OF LIQUIDATOR AND LIQUIDATION PROCESS”

A Special lecture on “POWERS AND DUTIES OF LIQUIDATOR AND LIQUIDATION PROCESS” conducted on 25th march. Mr. ASHISH. J, an advocate of the High Court of Madras was the resource person. there was an ice breaking Recap session on  CSR , Shares then we went on looking into the details of Liquidators and saw the Definition and discussion on  sec 2(23) with help of bare act reference we saw various Types of liquidator and Provisional liquidator and his  qualifications who would be an Official liquidator and jumped to the Powers of liquidator and saw the key point that it is limited if he is appointed by tribunal then saw when A liquidator can be removed and Intimation to company liquidator and winding up committee Concept of winding up and types Live example discussion for better understanding as well as Winding up order effect jurisdiction of tribunal ( exceptional circumstances file under 266)

Submission of report by company liquidator (mentions about where the assets are being placed and value and cash flow)Tribunal passes directions to the company liquidator on such submission regarding the time limit within which it has to be dissolved Insolvency and bankruptcy code Sec 33 of IPC briefing