Case Law Analysis
|National Company Law Appellate Tribunal
IBBI Liquidation Regs (Second Amendment) 2025 Not Retrospective | To Ongoing Liquidation Under Earlier Regime : NCLAT
NCLAT held that the IBBI Liquidation Process (Second Amendment) Regulations, 2025 apply prospectively only and cannot affect liquidation already started under the earlier regime. The ruling shields ongoing liquidation from retrospective changes, impacting creditors, liquidators and purchasers.