A process under Section 59 of IBC where a solvent corporate person chooses to wind up its affairs by passing a special resolution (or 3/4 majority in case of LLP) and appointing a liquidator to realise assets and distribute proceeds.
Last updated: 17 May 2026
A process under Section 59 of IBC where a solvent corporate person chooses to wind up its affairs by passing a special resolution (or 3/4 majority in case of LLP) and appointing a liquidator to realise assets and distribute proceeds.
Voluntary Liquidation is significant under IBC because A process under Section 59 of IBC where a solvent corporate person chooses to wind up its affairs by passing a special resolution (or 3/4 majority in case of LLP) and appointing a liquidator to realise assets and distribute proceeds.
Voluntary Liquidation under IBC applies to companies, professionals, and individuals involved in IBC-related compliance and regulatory matters in India. Specifically: A process under Section 59 of IBC where a solvent corporate person chooses to wind up its affairs by passing a special resolution (or 3/4 majority in ...