Auction sale process requires public notice, due diligence access, earnest money, eligibility verification and electronic platform use. The Schedule prescribes auction and private sale mechanisms in liquidation. For auctions, the liquidator issues public notice, enables inspection and due diligence, sets terms including reserve price and earnest money (with limits and no non refundable participation fees), and conducts transparent electronic auctions unless physical auction is authorized. The liquidator must verify bidder eligibility, consult the consultation committee before declaring a successful bidder, forfeit deposits of ineligible bidders, and complete sale formalities on full payment. Private sales require a buyer approach strategy, consultation committee confirmation and completion on receipt of full consideration.