The article analyses the legal and policy rationale behind this change and its implications for stakeholders. It traces the evolution of ‘going concern’ sales, evaluates their impact on creditor recoveries and employment, and examines the alignment of the amendment with the IBC’s objectives and judicial interpretations. Below is the article titled “Reframing Liquidation Under IBC: Transitioning From Sale as a Going Concern to Asset-Based Realisation”, authored by our Managing Partner, Mr. Sameer Rastogi, and published in the Insolvency Professional Agency of Institute of Cost Accountants of India (IPA- ICMAI) in the E-Journal for the month of October, 2025.
