https://www.taxtmi.com/caselaws?id=306883 A liquidator's sale process is expected to comply with the liquidation framework through public announcements, invitations to interested persons, and fair access for bidders; on the stated facts, the process was found adequately publicised and not exclusionary. Sale of the corporate debtor as a going concern was treated as a value-maximising approach consistent with preservation of employment, and the liquidation timelines were described as directory and capable of flexible application in exceptional circumstances. The commentary also notes the relevance of section 230 compromise efforts, section 35(1)(e), section 29A eligibility, and consultation committee procedures before resorting to sale of assets in parcels. en-us Wed, 08 Dec 2021 00:00:00 +0530 Fri, 03 Mar 2023 22:18:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306883 A liquidator's sale process is expected to comply with the liquidation framework through public announcements, invitations to interested persons, and fair access for bidders; on the stated facts, the process was found adequately publicised and not exclusionary. Sale of the corporate debtor as a going concern was treated as a value-maximising approach consistent with preservation of employment, and the liquidation timelines were described as directory and capable of flexible application in exceptional circumstances. The commentary also notes the relevance of section 230 compromise efforts, section 35(1)(e), section 29A eligibility, and consultation committee procedures before resorting to sale of assets in parcels. Case-Laws Insolvency and Bankruptcy Wed, 08 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306883