to be dissolved as the company is ordered to be wound up

Consequences if the proceedings for liquidation of a company are initiated

The liquidation of the company can be converted into a restructuring program

Functions, Duties and Powers of the Liquidator

Creditors can give money

The liquidator has to submit a report

Meeting of creditors to be convened

Committee of Creditors may be constituted

Deadline to submit debt claims

Court may issue order in relation to winding up of company

Canceling the registration of the company