Understanding Compulsory Liquidation and Director’s Duties in Insolvency

Compulsory Liquidation

Compulsory liquidation, often referred to as winding up, is a legal process through which a company’s assets are sold to pay off its debts when it becomes insolvent and is unable to meet its financial obligations. This process is initiated by creditors, shareholders, or regulatory authorities and is governed by strict legal procedures. In this … Read more