Statutory Analysis & Procedural Guide: Liquidation Process under IBC: Waterfall Mechanism of Asset Distribution
Section 53 priority of claims: insolvency costs, workmen dues, secured lenders, and government taxes. An in-depth analysis of Section 53, Insolvency and Bankruptcy Code 2016 considering Swiss Ribbons Pvt Ltd v. Union of India (2019) 4 SCC 17. Formulated by Supreme Court & High Court advocates for legal practitioners and corporate counsels.