• Prashant Vithal Kadam

This paper has examined the changes introduced in the new Liquidation Process and its Amended Regulations, 2022. With fast changing economy and ways of doing business there was a need for a new law as previously governing act failed to solve the insolvency and liquidation issues effectively. In this paper the comparative analysis and loopholes in the simplification of voluntary liquidation process for corporates for ease of exit and for institutionalising a standard Cross Border Insolvency Process, etc are properly discussed and how IBC has made the insolvency proceedings simpler and time effective as compared to the previous Acts where there was no time limit. The Amendment has no doubt improved the insolvency and liquidation process in India but a lot depends on the effective will in the implementation of the reforms. This paper properly describes the issues which were faced by the companies in liquidation and bankruptcy and thus the reforms., as India has yet not adopted the UNCITRAL model.

Liquidation, Insolvency, Amendment, Proceedings & Regulations.

"The Liquidation Process and its Amended Regulations, 2022 – A Review", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.9, Issue 12, page no.c375-c382, December-2022, Available :http://www.jetir.org/papers/JETIR2212256.pdf

"The Liquidation Process and its Amended Regulations, 2022 – A Review", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.9, Issue 12, page no. ppc375-c382, December-2022, Available at : http://www.jetir.org/papers/JETIR2212256.pdf