Liquidation Process and Purpose When a company is being dissolved and the winding-up process is initiated, the value of the company’s assets is first realised.
The rights granted by the government are called Monopoly Rights, and hence no other individual or company can use the invention or include the patented technology in the production of goods without prior permission.
Setting up of National Company Law Tribunal The National Company Law Tribunal and the National Company Law Appellate Tribunal were constituted in June 2016 to deal with corporate disputes of a civil nature.