Can ABC Steel Survive Insolvency? | IBC Series - Part 7 | SatyaArth Legal

Episode 7: Can ABC Steel Survive Insolvency? What happens to a company when a Resolution Plan succeeds—or fails?In this episode of the SatyaArth Legal IBC Series, we follow ABC Steel through the two possible endings of the insolvency process: resolution or liquidation.We understand how a Resolution Plan is approved, when liquidation begins, how the Liquidation Estate is created, how creditors are paid through the Section 53 waterfall, and finally, how the company reaches dissolution.Sections CoveredSection 30 — Submission & approval of Resolution PlansSection 31 — Approval of Resolution PlanSection 33 — Initiation of LiquidationSection 34 — Appointment of LiquidatorSection 35 — Powers & duties of LiquidatorSection 36 — Liquidation EstateSection 53 — Distribution of AssetsSection 54 — Dissolution of Corporate Debtor