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1. • Appraisals, market research, and professional judgment

     • Liquidators assess the value of assets through various methods, including appraisals, market research, and professional judgment. Their aim is to determine the fair market value of assets, which guides their decisions on asset sales and distributions.
     www.supermoney.com/encyclopedia/liquidators

     Liquidators: Roles and Responsibilities - SuperMoney

2. People also ask

   What does a liquidator do?

   • A liquidator is specially appointed to act on behalf of a company in various capacities. They are legally empowered to wind up a company's affairs when it is closing—typically when the company is going bankrupt. When things get to this point, the liquidator may represent companies in lawsuits or sell off their assets for cash or equivalents.

   Liquidator: Powers, Duties, and Examples - Investopedia

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   What does a liquidator do in a company's insolvency?

   • A liquidator in a company’s insolvency plays a crucial role in winding up the company’s affairs, evaluating and selling assets, settling debts, and distributing the remaining funds to creditors and shareholders. Their goal is to maximize the value of assets for the benefit of stakeholders.

   Liquidators: Roles and Responsibilities - SuperMoney

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   What powers does a liquidator have?

   • The liquidator has several powers that are granted by the Companies Act, of 2013 and the Insolvency and Bankruptcy Code, of 2016. These powers enable the liquidator to manage the company's affairs, collect and distribute its assets, and carry out the liquidation process. Some of the key powers of the liquidator are discussed below.

   Powers and Duties of Liquidator in India - LawChatter

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   What are the powers and duties of a liquidator in India?

   • The liquidator plays a crucial role in winding up the company's affairs and completing the liquidation process. In India, the powers and duties of the liquidator are governed by the Companies Act, of 2013, and the Insolvency and Bankruptcy Code, of 2016. In this article, we will discuss the powers and duties of a liquidator in India.

   Powers and Duties of Liquidator in India - LawChatter

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3. www.investopedia.com › terms › lLiquidator: Powers, Duties, and Examples - Investopedia

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   Jun 24, 2024 · A liquidator is a person assigned to take charge of and wind up a company's affairs before it closes—usually due to bankruptcy. The liquidator is generally...

4. www.wallstreetmojo.com › liquidatorLiquidator - Definition, Duties, Example and Remuneration

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   Aug 21, 2024 · A liquidator refers to an entity appointed to manage the liquidation process of a company. The appointed entity's primary responsibility is to gather the company's assets and settle all claims against the company using the assets.

5. lawchatter.in › info › company-lawPowers and Duties of Liquidator in India - LawChatter

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   When a company goes into liquidation, a liquidator is appointed to manage the affairs of the company and ensure that its assets are distributed fairly among creditors and shareholders. The liquidator plays a crucial role in winding up the company's affairs and completing the liquidation process.

6. www.indiafilings.com › learn › liquidator-functionsLiquidator – Functions and Role Under Insolvency & Bankruptcy ...

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   Liquidation is a process under which a corporate debtor, or a company, ceases to operate and all its assets are dissolved. Prior to Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as “The Code”), the liquidation process of a company was governed by the Companies Act, 2013.

7. www.accountingnotes.net › companies › liquidatorPowers and Duties of a Liquidator | Company - Accounting Notes

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   A liquidator is expected to perform his duties equitably and impartially according to the Companies Act. Some of the important duties are enumerated below: ADVERTISEMENTS: (i) When the liquidator receives the Statement of Affairs from the Directors, he must submit a preliminary report to the court.

8. blog.ipleaders.in › what-are-the-duties-of-aWhat Are The Duties Of A Liquidator? - iPleaders

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   Jun 16, 2016 · The foremost duty of a liquidator is that of the recovery and realization of the assets of the company. All his powers are designed to ensure the effective discharge of this duty. As given in Section 277 (5) (iii), this is the fundamental duty of a liquidator.

9. www.supermoney.com › encyclopedia › liquidatorsLiquidators: Roles and Responsibilities - SuperMoney

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   Aug 28, 2024 · A liquidator is a professional appointed to handle the winding up of a business or the distribution of assets in various financial situations. Their primary role is to ensure that the assets are managed and distributed fairly among the stakeholders involved.