Official Liquidator sale procedure requires court-approved conduct, auction or sealed tenders, or judge-directed methods for disposals. Asset disposals in liquidation must be conducted by the Official Liquidator or, if the judge directs, by an agent or auctioneer approved by the court, and are subject to terms and conditions approved by the court; sales may be by public auction, sealed tenders, or in such other manner as the judge directs.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Official Liquidator sale procedure requires court-approved conduct, auction or sealed tenders, or judge-directed methods for disposals.
Asset disposals in liquidation must be conducted by the Official Liquidator or, if the judge directs, by an agent or auctioneer approved by the court, and are subject to terms and conditions approved by the court; sales may be by public auction, sealed tenders, or in such other manner as the judge directs.
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