https://www.taxtmi.com/notifications?id=141549 Amendments enhance consultation committee oversight: liquidators must act on committee recommendations for compromises, consult and record committee views before seeking early dissolution or running the debtor as a going concern, convene meetings at least quarterly, present costs, litigation status and progress, seek committee advice before initiating legal proceedings, require committee concurrence for private sales, mandate valuation meetings and confidentiality undertakings for valuation reports, and set auction payment timelines with interest and cancellation consequences; real estate assets given in possession to allottees are excluded from the liquidation estate. en-us Mon, 12 Feb 2024 00:00:00 +0530 Fri, 16 Feb 2024 15:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=141549 Amendments enhance consultation committee oversight: liquidators must act on committee recommendations for compromises, consult and record committee views before seeking early dissolution or running the debtor as a going concern, convene meetings at least quarterly, present costs, litigation status and progress, seek committee advice before initiating legal proceedings, require committee concurrence for private sales, mandate valuation meetings and confidentiality undertakings for valuation reports, and set auction payment timelines with interest and cancellation consequences; real estate assets given in possession to allottees are excluded from the liquidation estate. Notifications IBC Mon, 12 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/notifications?id=141549