Realisation & Distribution of Assets by Liquidator: IBC
Waterfall mechanism under Liquidation under the IBC 2016: Under section 53(1) of the Insolvency Code, 2016, the fees payable to the liquidator shall be deducted proportionately from the proceeds payable to each class of recipients, and the proceeds to the applicable recipient shall be dispersed after such deduction. Both the IBC and the Insolvency and …