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of <h1>Insolvency Regulations 2019: Trustees Must Strategize Asset Sales, Conduct Online Auctions, Ensure Transparency, Report to Authority.</h1> The Insolvency and Bankruptcy Board of India (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019, outlines procedures for asset sales during bankruptcy. For auctions, the bankruptcy trustee must develop a sale strategy, including advertising and setting terms like reserve price and payment timelines. Auctions are conducted online, with transparency in bidding, and may involve multiple rounds to maximize returns. Private sales involve direct negotiations with buyers, aiming to maximize asset realization. Both methods require the trustee to report progress to the Adjudicating Authority and ensure compliance with specified regulations.
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