Liquidation cost definition expanded and sale of corporate debtor as going concern authorised under amended liquidation regulations. Amendments redefine liquidation cost to comprise liquidator fees (regulation 4), liquidator remuneration (regulation 7), costs incurred by the liquidator (regulation 24), and interest on interim finance for up to twelve months or until repayment from the liquidation commencement date. The amendments also replace 'company secretaries' with 'secretarial auditors' and permit sale of assets in parcels and the sale of the corporate debtor as a going concern.
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Liquidation cost definition expanded and sale of corporate debtor as going concern authorised under amended liquidation regulations.
Amendments redefine liquidation cost to comprise liquidator fees (regulation 4), liquidator remuneration (regulation 7), costs incurred by the liquidator (regulation 24), and interest on interim finance for up to twelve months or until repayment from the liquidation commencement date. The amendments also replace 'company secretaries' with 'secretarial auditors' and permit sale of assets in parcels and the sale of the corporate debtor as a going concern.
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