Direct Liquidation Sometimes, a major retailer in your area will shut down its local store. Direct liquidation is a great way to find those nearby closeout sales, and pick up the discounted products.

Secured creditors are paid first, followed by unsecured creditors. If there is any money left, shareholders are paid.

invoked the court’s plenary powers under Article 142 of the Constitution to direct the airline into liquidation in compliance ...

Jet Airways, “thought fit and necessary to direct for liquidation” by Supreme Court, is the second major airline to fall post GoFirst. The top court said that the resolution plan is no longer capable ...

invoked the court’s plenary powers under Article 142 of the Constitution to direct the airline into liquidation in compliance with the Insolvency and Bankruptcy Code (IBC) of 2016.