https://www.taxtmi.com/article/detailed?id=10303 Regulation 32A enables sale of a corporate debtor as a going concern where the Committee of Creditors recommends it or the liquidator considers it value-maximising; the Committee or the liquidator with the Stakeholders Consultation Committee must identify assets and liabilities to be sold. If sale as a going concern cannot be effected within the prescribed period, the liquidator may instead sell assets as standalone, slump sale, collective sets, or in parcels; the regulation permits reserve-price reductions within regulatory limits. An adjudicating authority construed the timeline as directory where the liquidation pre-dated the amendment and noted the absence of specified consequences for non-compliance. en-us Fri, 04 Mar 2022 10:48:00 +0530 Fri, 04 Mar 2022 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10303 Regulation 32A enables sale of a corporate debtor as a going concern where the Committee of Creditors recommends it or the liquidator considers it value-maximising; the Committee or the liquidator with the Stakeholders Consultation Committee must identify assets and liabilities to be sold. If sale as a going concern cannot be effected within the prescribed period, the liquidator may instead sell assets as standalone, slump sale, collective sets, or in parcels; the regulation permits reserve-price reductions within regulatory limits. An adjudicating authority construed the timeline as directory where the liquidation pre-dated the amendment and noted the absence of specified consequences for non-compliance. Articles Corporate Laws / IBC / SEBI Fri, 04 Mar 2022 10:48:00 +0530 https://www.taxtmi.com/article/detailed?id=10303