Opportunity to respond to jurisdictional reports is mandatory before customs settlement duty enhancement; connected applications require consistent ad...
Specific customs headings for scaffolding components prevail over general classification, invalidating misclassification proceedings and enabling with...
Liquidation process regulations were extensively amended to strengthen committee of creditors control, tighten timelines, and standardise filings. The liquidator must now obtain committee approval for key actions including professional appointments, fees, valuation, claims-related matters, sale terms, private sale, compromise filings, extension requests, and early dissolution, while the committee continues through liquidation subject to revised membership and voting rules. Claims verification, stakeholder updates, and distribution timelines were shortened; form-based filings were replaced by Board-notified formats; and obsolete provisions on consultation committees and certain schedules were removed. The amendments also restrict sales to ineligible resolution applicants and related parties, and require a model liquidation timeline.
Liquidation process regulations were extensively amended to strengthen committee of creditors control, tighten timelines, and standardise filings. The liquidator must now obtain committee approval for key actions including professional appointments, fees, valuation, claims-related matters, sale terms, private sale, compromise filings, extension requests, and early dissolution, while the committee continues through liquidation subject to revised membership and voting rules. Claims verification, stakeholder updates, and distribution timelines were shortened; form-based filings were replaced by Board-notified formats; and obsolete provisions on consultation committees and certain schedules were removed. The amendments also restrict sales to ineligible resolution applicants and related parties, and require a model liquidation timeline.
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