Closure of liquidation process - sale of the Corporate Debtor as ...

Insolvency and Bankruptcy

March 1, 2022

Closure of liquidation process - sale of the Corporate Debtor as a going concern - It is no longer Res Integra that while approving a ‘Corporate Debtor’ sale as a ‘going concern’ in Liquidation Proceedings without its dissolution in terms of Regulation 32(e) of the Liquidation Process Regulations, 2016, it is essential to see that the ‘Corporate Debtor’ is not burdened by any past or remaining unpaid outstanding liabilities prior to the sale of the Company as a ‘going concern’ and after payment of the sale proceeds distributed in accordance with Section 53 of the Code - AT

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Closure of liquidation process - sale of the Corporate Debtor as ...

Insolvency and Bankruptcy

March 1, 2022

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