https://www.taxtmi.com/caselaws?id=424908 Regulation 31-A of the Liquidation Process Regulations requires the Stakeholders' Consultation Committee to have access to records and information needed to advise the liquidator on sale, including reserve price and manner of sale. The valuation report is a critical input for informed consultation and for maximising value in liquidation, so withholding it would undermine the purpose of the provision. Confidentiality concerns may be addressed through an undertaking or non-disclosure arrangement. The valuation report must therefore be shared with the committee member who is an ex-director, subject to confidentiality safeguards. en-us Fri, 08 Jul 2022 00:00:00 +0530 Tue, 12 Jul 2022 09:13:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424908 Regulation 31-A of the Liquidation Process Regulations requires the Stakeholders' Consultation Committee to have access to records and information needed to advise the liquidator on sale, including reserve price and manner of sale. The valuation report is a critical input for informed consultation and for maximising value in liquidation, so withholding it would undermine the purpose of the provision. Confidentiality concerns may be addressed through an undertaking or non-disclosure arrangement. The valuation report must therefore be shared with the committee member who is an ex-director, subject to confidentiality safeguards. Case-Laws Insolvency and Bankruptcy Fri, 08 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424908