As part of the ongoing ‘Azadi Ka Amrit Mahotsav’ celebrations, the Insolvency and Bankruptcy Board of India (IBBI), in association with the Foreign Commonwealth and Development Office (FCDO), Webinar on “Voluntary Liquidation Process” conducted a Webinar for insolvency professionals on 18th November, 2021 with emphasis on issues in voluntary liquidation process in India and best practices prevalent in United Kingdom. Emphasis was laid on the challenges faced by the liquidators while discharging their duties and the role of the stakeholders including the Board of Directors, creditors and judiciary. The speakers, on the basis of their experience, provided a UK perspective and the evolved best practices which can be referred to by the insolvency professionals in India. The webinar also included a panel discussion wherein aspects such as the requirement of approvals from statutory/regulatory authorities were discussed and deliberated. As part of the event, Ms. Garima Verma, Project Manager at the British Deputy High Commission delivered the welcome address and emphasized that IBBI- FCDO partnership has been time tested and growing strong with time. Mr. Sudhaker Shukla, WTM, IBBI while delivering introductory address and highlighted the need, rationale and areas for improvement in Voluntary Liquidation Process. He, along with other speakers, also addressed the queries of participants in a comprehensive manner. More than 400 participants joined the Webinar. The eminent faculty included Mr. Spandan Biswal (Partner, CAM); Mr. Patrick Brazil (Insolvency Practitioner, UK); Ms. Saskia Lawrence (Insolvency Practitioner, UK) and Mr. Richard Barker (Insolvency Practitioner, UK).