The 2025 amendment is an attempt to draw a line in the murky sand between resolution and liquidation. Ideal value maximization lies not in how fast we close a company, but in how effectively we give it a chance to recover while it still can.

In this article, the author identifies two major challenges revealed by the impugned judgments: lack of a statutory time limit to implement resolution plans and imprecise role of monitoring committees in ensuring implementation of resolution plans.

The recent amendment to the Liquidation Regulations has introduced a measure of certainty and clarity for homebuyers.