A Liquidation Committee is a group of key creditors formed during a company's liquidation to oversee the process and protect their interests.  Typically made up of major suppliers or financial institutions, the committee collaborates with the liquidator to ensure that assets are distributed fairly and efficiently.  They review the liquidator’s reports, approve significant decisions, and help address any concerns that arise.  By facilitating clear communication and accountability, the Liquidation Committee ensures that the liquidation proceeds smoothly and aims to maximise returns for all creditors involved.