Compulsory liquidation

Compulsory liquidation,

Definition of Compulsory liquidation:

  1. Sale of the assets of a firm on court orders, issued at the request of the firms creditors. In a compulsory liquidation, the unsecured creditors generally have the right to choose and appoint the liquidator. Called compulsory winding up in the UK.

Meaning of Compulsory liquidation & Compulsory liquidation Definition