Regulation 46A - Exclusion of certain assets from the liquidation estate - Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016

1 [ 46A. Exclusion of certain assets from the liquidation estate. For the purposes of clause (e) of sub-section (4) of section 36, wherever the corporate debtor has given possession to an allottee in a real estate project, such asset shall not form a part of the liquidation estate of the corporate debtor. ] ****************** NOTES:- 1. Inserted vide Notification No. IBBI/2023-24/GN/REG112 dated 12-02-2024