BDLK Limited decided to go for voluntary winding up and accordingly the Board of Directors at a meeting of the Board are about to take the necessary steps to initiate the winding up proceedings. The Board of Directors of the company approached you for guidance in this regard. Please list out the steps required under the Insolvency & Bankruptcy Code 2016 before approval of such liquidation proposal with specific reference to meetings and actions of relevant stakeholders

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The detailed answer for the above question is provided below Voluntary Winding Up As per Section 59 of the Insolvency and Bankruptcy Code 2016 the vol... View the full answer