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  1. Dictionary
    liquidator
    /ˈlɪkwɪdeɪtə/

    noun

    • 1. a person appointed to wind up the affairs of a company or firm.

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

  4. 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. The liquidator plays a critical role in the liquidation process in India. They are responsible for managing the affairs of the company, collecting and distributing its assets, and ensuring that the liquidation process is conducted fairly and transparently.

  6. When an insolvent company goes into liquidation, the liquidator’s main duty is to realise the assets and property of the company and use the proceeds to pay off the company’s debts and liabilities. That said, one of the liquidator’s key powers is the right to disclaim “onerous property”.

  7. Sep 12, 2023 · The liquidator is the person (natural or legal) who is entrusted with the task of winding up a sole proprietorship, a limited liability company (LLC), or another type of corporation or partnership – i.e. to carry out the liquidation.

  8. Feb 6, 2024 · Under the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 (Liquidation Regulations), a liquidator is required to complete the process of liquidation of a...

  9. Aug 21, 2024 · A liquidator or an insolvency practitioner is hired to handle the dissolution professionally. The liquidator then sells corporate assets in the open market and generates funds. This directly compensates creditors and lenders. Liquidators also impose their charges for services rendered.