Khushi Gor ( Mumbai )
03-Apr-2023 03:14 PM
Voluntary Liquidation (Section 59)
Can a company opt for voluntary liquidation even if he is unable to pay his dues to creditors? Or he should file an application under section 10?
No, a company can not opt for voluntary liquidation if it is unable to pay its debts. It can file application under section 10.
Answer given by Shubhamm Sir at 10-Apr-2023 05:32 PM