
The End of Going Concern Sales: New Amendments Explained
In this blog post, we discuss IBBI’s recent amendments that have officially brought going concern sales to an end.

In this blog post, we discuss IBBI’s recent amendments that have officially brought going concern sales to an end.

Recent regulatory enhancements, such as the RBI’s guidelines and amendments to SARFESI and RDDBFI have strengthened the framework for InvITs.

The proposed amendments to the CIRP Regulations address key aspects including cost reduction for smaller companies, guarantor liability, etc.

We explore IBBI’s clarifications on the computation of liquidator’s fee and the recent judgment which struck down two of the clarifications.

The changes introduced by the IBBI are significant in so far as they create a check and balance on critical areas of the liquidation process.

IBBI’s new measures seek to pave the way for the efficient conduct of processes by IPs and facilitate IPEs to undertake activities of an IP.

In this article, we elaborate on the 16 proposals presented by the IBBI in its discussion paper, to strengthen the liquidation process.

Recently, the Supreme Court held that the variable annual licence fee paid by telcos has to be treated as capital expenditure.

Recently on August 28, 2022, a three-judge bench of the Supreme Court of India delivered a judgement in R.K. Industries (Unit-II) LLP vs. H.R. Commercials Private Limited and Others , interpreting the provisions of IBC concerning the powers of the liquidator vis-à-vis mode of sale of assets by the liquidator.

The Real Estate sector is suffering due to the transactions entered into by Builders that jeopardise the interests of innocuous creditors.
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