Distribution
Regulation 35ofInsolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017
(1) The liquidator shall distribute the proceeds from realization within 20[thirty days] from the receipt of the amount to the stakeholders. (2) The liquidation costs shall be deducted before such distribution is made. (3) The liquidator may, with the approval of the corporate person, distribute amongst the stakeholders, an asset that cannot be readily or advantageously sold due to its peculiar nature or other special circumstances.