Query on Liquidation of a Company

Practise 765 views 1 replies

Roopa

Accounts Officer

38 Points Joined December 2009

If High Court has Ordered for the Liquidation of a Company due to non payment of creditors dues and the status of the Company is shown in the ROC website as "Under Liquidation", What steps the Company has to take to bring it out of Liquidation status... Can anyone help me with this query...Please!!! mail me at roopa.udikeri @ reynoldsindia.com

Regards,

Roopa

Replies (1)

Ravi Shekhar Vyas

Article Assistant

50 Points Joined June 2010

Company will have to bring stay on the Liquidation Order & will have to apply for Reconstruction Scheme by the approval of Board as well as by the approval of Creditors.