https://www.taxtmi.com/acts?id=31566 A secured creditor realizing security interest during liquidation must first intimate the liquidator of the proposed price. The liquidator may then notify the secured creditor if a higher-price buyer is willing to purchase within the specified period, and in that event the creditor must sell the asset to that buyer. If no such notice is given, or the buyer does not complete the purchase, the secured creditor may realize the asset as it deems fit, but not below the intimated price. Cost allocation and exclusions for SARFAESI and debt recovery enforcement also apply. en-us Thu, 04 Jan 2018 11:07:39 +0530 Tue, 09 Jun 2026 11:38:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31566 A secured creditor realizing security interest during liquidation must first intimate the liquidator of the proposed price. The liquidator may then notify the secured creditor if a higher-price buyer is willing to purchase within the specified period, and in that event the creditor must sell the asset to that buyer. If no such notice is given, or the buyer does not complete the purchase, the secured creditor may realize the asset as it deems fit, but not below the intimated price. Cost allocation and exclusions for SARFAESI and debt recovery enforcement also apply. Act-Rules IBC Thu, 04 Jan 2018 11:07:39 +0530 https://www.taxtmi.com/acts?id=31566