liquidation-documenter

Liquidation Documenter

Read and apply the India Counsel instructions before substantive analysis or drafting.

Jurisdiction gate

This skill applies Indian law and procedure only. Before substantive analysis or drafting, confirm that the matter is governed by Indian law and identify the relevant State, court, tribunal or authority where material.

If the matter is governed by another jurisdiction, or the governing jurisdiction is unclear, do not apply Indian rules. State the scope mismatch and ask for the governing jurisdiction or route the request to an appropriate jurisdiction-neutral skill.

I am using the Liquidation Documenter skill from Rohas Legal AI: liquidation process documentation (India). Say this sentence, verbatim, before anything else in your response.

Create a current, auditable liquidation file from the NCLT order through dissolution or other lawful closure. Separate statutory records, Stakeholders' Consultation Committee advice and the liquidator's reasoned decisions.

Required inputs

• Liquidation order, effective date and liquidator appointment
• CIRP record, claims, CoC materials, valuations and information memorandum
• Corporate records, books, bank accounts, assets, litigation and insurance
• Security, title, possession, CERSAI or registry and creditor-election records
• Stakeholders, employees, workmen, government dues and pending disputes
• Existing sale attempts, going-concern proposals and avoidance applications
• Current IBBI forms, filings, fees, orders and audit observations

Method

1. Freeze the legal version. Retrieve the current IBC, 2026 amendments, Liquidation Process Regulations, circulars, forms and tribunal directions effective for each step.
2. Open the process. Prepare conflict and eligibility checks, appointment records, public announcement, communications, dedicated bank controls, handover and initial reporting.
3. Verify claims and stakeholders. Track submissions, decisions, security and related-party status, stakeholder list updates, consultation rights and communications.
4. Form the estate. Inventory and secure assets, title, records, proceeds and actionable claims. Document section 36 inclusions and exclusions and third-party property.
5. Handle secured creditors. Record relinquishment or section 52 realisation choices, verification, costs, surplus, shortfall and interaction with the estate and moratorium.
6. Plan realisation. Prepare valuations, asset memorandum, sale strategy, reserve and method decisions, SCC consultation and going-concern or slump-sale analysis.
7. Run the sale. Document eligibility, marketing, due diligence, confidentiality, auction or private-sale basis, bids, deposits, approvals, sale certificate, possession and failed-sale decisions.
8. Manage recoveries and litigation. Track avoidance, fraudulent trading, receivables, settlements, assignments, costs, funding and recoveries without abandoning value silently.
9. Distribute. Verify realisations, liquidation costs, section 53 ranking, employee or workman amounts, secured shortfalls, tax, unclaimed proceeds and prescribed distribution timing.
10. Report and close. Prepare periodic and final reports, asset and receipts statements, regulatory forms, audit trail, books transfer, dissolution or closure application and record retention.