https://www.taxtmi.com/article/detailed?id=14434 Compromise or arrangement remains available during liquidation: Section 33(2) mandates that resolution professionals and committees assess and continue to explore such proposals, and Regulation 39BA requires the committee to examine and recommend whether to pursue compromise or arrangement when deciding liquidation. Regulation 2B sets procedural limits-including a 90 day completion period, a 30 day filing cutoff from liquidation commencement date, ineligibility of certain persons, and cost allocation rules-while time taken for approved negotiations is excluded from the liquidation period. en-us Sat, 17 May 2025 08:41:32 +0530 Sat, 17 May 2025 08:41:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14434 Compromise or arrangement remains available during liquidation: Section 33(2) mandates that resolution professionals and committees assess and continue to explore such proposals, and Regulation 39BA requires the committee to examine and recommend whether to pursue compromise or arrangement when deciding liquidation. Regulation 2B sets procedural limits-including a 90 day completion period, a 30 day filing cutoff from liquidation commencement date, ineligibility of certain persons, and cost allocation rules-while time taken for approved negotiations is excluded from the liquidation period. Articles Corporate Laws / IBC / SEBI Sat, 17 May 2025 08:41:32 +0530 https://www.taxtmi.com/article/detailed?id=14434