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Strike Off vs Liquidation
What is the difference between strike off and liquidation?
Strike – Off
The Company can be restored following an application to the Court
Company is permanently deleted
No Court involvement
Final Order is issued by the Court
Easiest and cheapest method
Complex and costly method
It takes 4-9 months to be completed
It takes a year or more to be completed depending on the case
A liquidator is not appointed
One or more liquidator(s) is/(are) appointed