Delivery of services as Liquidator
As a Liquidator:
To take over all the assets of the corporate entity- To arrange publication of Public Announcement
- To appoint Registered valuers, Accounting, Legal and other Professionals
- To verify the claims of creditors and finalize list of creditors/contributories
- To prepare Statement of Affairs
- To conduct disposal of assets and distribute the proceeds amongst creditors / contributories
- Submit periodical reports to NCLT on progress of liquidation proceedings
- Submit final report to NCLT and arrange dissolution of the corporate entity
- To carry on such other activities as may be ordered by the NCLT or required for smooth conduct of the Liquidation proceedings
- All matters incidental to carrying on the activities as Liquidator
Details of activities to be carried as Interim Resolution Professional as follows:
- To carry on the operations of the Borrower / Corporate Debtor as a running unit
- To manage the affairs of the Borrower / Corporate Debtor
- To arrange publication of Public Announcement
- To appointRegistered valuers, Accounting, Legal and other Professionals
- Verify the claims of creditors and finalize list of creditors
- Form Committee of creditors
- Prepare Information Memorandum
- Call and convene 1st meeting of committee of creditors
- Submit report on formation of committee of creditors and Minutes of proceedings of meeting of creditors to NCLT
- To carry on such other activities as may be ordered by the NCLT or required for smooth conduct of the resolution process.
- All matters incidental to carrying on the activities as an Interim Resolution Professional.