Accounting for Business Purchase as Going Concern under E-Auction

[Hithik]

When a existing company under a commencement of liquidation acquired through e-auction as going concern, how such acquisition to be accounted for Non-Ind AS Client, as AS 14 deals with Amalgations only?., the company's status is active from liquidation status, and it is same company no formation of new company...wether the existing assets to be recorded at new fair value?.. pls guide.

AI Summary

Going concern acquisition accounting under Non-Ind AS raises questions on fair value recognition and treatment of existing assets. Accounting for purchase of an existing company as a going concern through e-auction in liquidation raises the issue of treatment under Non-Ind AS where AS 14 covers amalgamations only. The discussion asks whether, when the same company continues without formation of a new entity, the assets should be recorded at fresh fair value and how the acquisition should be accounted for after liquidation status ends.