https://www.taxtmi.com/article/detailed?id=16727 Amendments to the liquidation process regulations tighten compromise or arrangement requirements, introduce committee-based recommendation of the liquidator, and link appointment of professionals to committee approval. They also revise claim updating, security interest timelines, cooperation directions, and progress reporting. Asset sale rules are refined through restrictions on sale to ineligible persons and related parties, an expanded definition of not readily realisable assets, and updated provisions on reserve price, bid rejection, and completion of sale. en-us Tue, 23 Jun 2026 08:09:10 +0530 Tue, 23 Jun 2026 08:09:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16727 Amendments to the liquidation process regulations tighten compromise or arrangement requirements, introduce committee-based recommendation of the liquidator, and link appointment of professionals to committee approval. They also revise claim updating, security interest timelines, cooperation directions, and progress reporting. Asset sale rules are refined through restrictions on sale to ineligible persons and related parties, an expanded definition of not readily realisable assets, and updated provisions on reserve price, bid rejection, and completion of sale. Articles Corporate Laws / IBC / SEBI Tue, 23 Jun 2026 08:09:10 +0530 https://www.taxtmi.com/article/detailed?id=16727