Jab company financially collapse ho jaye, to winding up / liquidation process start hota hai. Yahan sabka sawaal hota hai – pehle paisa kisko milega?
Priority order roughly:
- Secured creditors (within limits),
- Certain statutory dues,
- Workmen’s dues in many systems ko special preference,
- Unsecured creditors,
- Lastly, shareholders (agar kuch bache to).
Employees ka risk high hota hai – salary arrears, gratuity, PF, etc. Laws try karte hain ki at least basic workmen dues ignore na ho.
Liquidator assets identify, sell, aur proceeds distribute karta hai; parallel me fraud, preferential transfers, ya undervalued deals ka investigation bhi ho sakta hai.
Suppliers, landlords, service providers ke liye important hai ki agreements, invoices aur communication organised hon – liquidation list me unka claim tabhi seriously treat hoga.