https://www.taxtmi.com/caselaws?id=793265 The commentary explains that a liquidation extension under Regulation 44(2) of the IBBI (Liquidation Process) Regulations, 2016 will not ordinarily be disturbed where it was approved through a valid Committee of Stakeholders resolution, met the quorum requirement, and had already been substantially worked out. It also states that Regulation 7A of the IBBI (Insolvency Professionals) Regulations, 2016 prevents fresh assignments without a valid authorisation for assignment, but preserves ongoing assignments already accepted when the authorisation expires, including on attainment of 70 years of age. The stated position is that such expiry does not by itself terminate the pending liquidation or bankruptcy-related assignment. en-us Wed, 20 May 2026 00:00:00 +0530 Fri, 12 Jun 2026 08:44:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793265 The commentary explains that a liquidation extension under Regulation 44(2) of the IBBI (Liquidation Process) Regulations, 2016 will not ordinarily be disturbed where it was approved through a valid Committee of Stakeholders resolution, met the quorum requirement, and had already been substantially worked out. It also states that Regulation 7A of the IBBI (Insolvency Professionals) Regulations, 2016 prevents fresh assignments without a valid authorisation for assignment, but preserves ongoing assignments already accepted when the authorisation expires, including on attainment of 70 years of age. The stated position is that such expiry does not by itself terminate the pending liquidation or bankruptcy-related assignment. Case-Laws IBC Wed, 20 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793265