https://www.taxtmi.com/news?id=22342 The Ordinance raises creditor thresholds for initiating corporate insolvency (including specified thresholds for real-estate allottees), advances appointment timing of interim resolution professionals to the insolvency commencement date, protects licenses and critical supplies during the moratorium (subject to payment of current dues), requires the resolution professional to manage operations until plan approval or liquidator appointment, and creates limited cessation of corporate liability and protection of property for offences committed prior to insolvency where an approved plan changes control to an unaffiliated, non-implicated acquirer, while preserving prosecution of responsible officers. en-us Mon, 30 Dec 2019 12:26:13 +0530 Wed, 11 Feb 2026 15:58:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22342 The Ordinance raises creditor thresholds for initiating corporate insolvency (including specified thresholds for real-estate allottees), advances appointment timing of interim resolution professionals to the insolvency commencement date, protects licenses and critical supplies during the moratorium (subject to payment of current dues), requires the resolution professional to manage operations until plan approval or liquidator appointment, and creates limited cessation of corporate liability and protection of property for offences committed prior to insolvency where an approved plan changes control to an unaffiliated, non-implicated acquirer, while preserving prosecution of responsible officers. News - Mon, 30 Dec 2019 12:26:13 +0530 https://www.taxtmi.com/news?id=22342