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Home Highlights January 2020 Year 2020 This

Public auction of the assets of the Corporate Debtor - if the ...


Liquidator Can Extend Payment Period in Asset Auction to Boost Participation and Returns, Based on Justified Reasons.

January 8, 2020

Case Laws     Insolvency and Bankruptcy     Tri

Public auction of the assets of the Corporate Debtor - if the Liquidator, for justified reasons deems it fit to increase the period of payment as it would help maximize participation and returns of the auction, then the Liquidator in his discretion can be allowed to do so

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