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Mode of sale

Regulation 33 - Regulation - REALISATION OF ASSETS - Insolvency and Bankruptcy - Regulation 33 - 33. (1) The liquidator shall ordinarily sell the assets of the corporate debtor through an auction in the manner specified in Schedule I. (2) The liquida .....

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sold at a price higher than the reserve price of a failed auction; or (d) the prior permission of the Adjudicating Authority has been obtained for such sale: Provided that the liquidator shall not sell the assets, without prior permission of the Adju .....

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