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IBC - Highlights / Catch Notes

Home Highlights August 2021 Year 2021 This

Seeking for closure of the Liquidation Process - Corporate ...


Liquidator's Authority Confirmed: Corporate Debtor Sold as Going Concern via E-Auction Under IBBI Regulation 32A.

August 25, 2021

Case Laws     Insolvency and Bankruptcy     AT

Seeking for closure of the Liquidation Process - Corporate Debtor was being sold as a going concern in the e-Auction - Whether the Liquidator is authorized to sell the ‘Corporate Debtor’ as a going concern pursuant to Regulation 32 of IBBI (Liquidation Process) Regulations, 2016? - the Liquidator has rightly followed the procedure specified in Regulation 32A of the Liquidation Process Regulations. - AT

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