परिसमापन (en. Liquidation)

The secured creditors, speaking through the State Bank of India, insist that the deposits were required to be received by the company and the position after the company has gone into liquidation is that the depositors or the ex workers of the company (in liquidation) would be creditors of the company (in liquidation) and no more.

Of these, about 470 have commenced liquidation and more than 120 have approved reorganization plans, with the remaining cases still pending.

The risk in this case is that the deep will touch our liquidation value.

In 60 cases resolution plans have been approved, in 240 cases liquidation orders have been given, 126 cases are in appeal.

A liquidation is often, but not always the result of a company going out of business.

Liquidation of companies is handled by the High Courts.

Bankruptcy and Liquidation - Advising on bankruptcy and liquidation procedures in China and cross-border bankruptcy cases.