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Judicial Liquidation

The formal court-ordered winding up of an insolvent company's assets to pay off creditors.

The formal court-ordered winding up of an insolvent company's assets to pay off creditors.

Indian market example

Under the Insolvency and Bankruptcy Code (IBC), the NCLT oversees the judicial liquidation of defaulting corporate debtors in India.

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S Harish ChandanSEBI Registered Research Analyst

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