legal ground
Article 183 of the Company Law of People's Republic of China (PRC) If a company is dissolved in accordance with the provisions of Items (1), (2), (4) and (5) of Article 180 of this Law, it shall set up a liquidation group within 15 days from the date when the reasons for dissolution appear and start liquidation. The liquidation group of a limited liability company is composed of shareholders, and the liquidation group of a joint stock limited company is composed of directors or personnel determined by the shareholders' meeting. If a liquidation group is not established for liquidation within the time limit, the creditor may apply to the people's court to appoint relevant personnel to form a liquidation group for liquidation. The people's court shall accept the application and promptly organize a liquidation group to carry out liquidation.