MNO Private Limited has stopped its business operations and management has no further intention to continue its business operations. The Company has Assets in excess of Liabilities and hence, proposed Voluntary Liquidati

MNO Private Limited has stopped its business operations and management has no further intention to continue its business operations. The Company has Assets in excess of Liabilities and hence, proposed Voluntary Liquidation of the Company as per the Provisions of IBC, 2016. You are proposed to be appointed as Liquidator for the Voluntary Liquidation. The Directors have approached you to know the prescribed timelines for completion of Voluntary Liquidation Process. The Extra-ordinary General Meeting to approve the Voluntary Liquidation is proposed on 1st July 2021. Prepare a timeline mentioning the probable date for the following activities as per the IBC, 2016 and Regulations made thereunder: (i) Voluntary Liquidation Commencement date (ii) Date of Public Announcement (iii) Intimation of Special Resolution for Voluntary Liquidation to IBBI and RoC (iv) Receipt of claims and preparing list of stakeholders (v) Submission of Preliminary Report (vi) Distribution of Assets.