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IBC - Highlights / Catch Notes

Home Highlights February 2022 Year 2022 This

Liquidation proceedings - Period of limitation - Auction of ...

Insolvency and Bankruptcy

February 16, 2022

Liquidation proceedings - Period of limitation - Auction of property of the corporate debtor - It is pertinent to mention that Liquidation Process Regulation 47 deals with the Model Timeline for Liquidation Process. Model Timeline is only a directory in nature. It cannot be considered a deadline. It is provided under Regulation as a guiding factor to complete the liquidation process in a time-bound manner. In exceptional circumstances, such a time limit can be extended. - AT

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