Question
Which is correct statement with respect to Liquidation
Estate?Solution
IBC, Section 36-Liquidation estate- (1) For the purposes of liquidation, the liquidator shall form an estate of the assets mentioned in sub-section (3), which will be called the liquidation estate in relation to the corporate debtor. (2) The liquidator shall hold the liquidation estate as a fiduciary for the benefit of all the creditors.
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The Public Distribution System (PDS) is an Indian food security system which evolved as a system for distribution of food grains at affordable prices an...
