Tax Management India. Com
                            Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Manuals SMS News Articles Highlights
        Home        
 
Extracts
Home List
← Previous Next →

MODE OF SALE

SCHEDULE I - Regulation - Schedules - Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 - SCHEDULE I - SCHEDULE I (Under Regulation 33 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2 .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

he asset. The strategy may include- (a) releasing advertisements; (b) preparing information sheets for the asset; (c) preparing a notice of sale; and (d) liaising with agents. (3) The liquidator shall prepare terms and conditions of sale, including r .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ent that an auction fails at such price, the liquidator may reduce the reserve price up to seventy-five per cent of such value to conduct subsequent auctions. (5) The liquidator shall make a public announcement of an auction in the manner specified i .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ssistance necessary for the conduct of due diligence by interested buyers. (7) The liquidator shall sell the assets through an electronic auction on an online portal, if any, designated by the Board, where the interested buyers can register, bid and .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

s through a physical auction after obtaining the permission of the Adjudicating Authority. The liquidator may engage the services of qualified professional auctioneers specializing in auctioning such assets for this purpose. (9) An auction shall be t .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

the best interests of the creditors, he may apply, in writing, to the Adjudicating Authority for its permission to conduct an auction in such manner. (11) If required, the liquidator may conduct multiple rounds of auctions to maximize the realization .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

e the balance sale consideration. On payment of the full amount, the sale shall stand completed, the liquidator shall execute certificate of sale or sale deed to transfer such assets and the assets shall be delivered to him in the manner specified in .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.