Assignment of not readily realisable assets enables liquidator to transfer difficult assets after stakeholder consultation to eligible resolution applicants. A liquidator may assign or transfer a not readily realisable asset-including contingent, disputed assets and assets underlying avoidance or fraudulent transaction proceedings-through a transparent process and in consultation with the stakeholders' consultation committee, for a consideration, to any person eligible to submit a resolution plan for the corporate debtor.
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.
Assignment of not readily realisable assets enables liquidator to transfer difficult assets after stakeholder consultation to eligible resolution applicants.
A liquidator may assign or transfer a not readily realisable asset-including contingent, disputed assets and assets underlying avoidance or fraudulent transaction proceedings-through a transparent process and in consultation with the stakeholders' consultation committee, for a consideration, to any person eligible to submit a resolution plan for the corporate debtor.
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