https://www.taxtmi.com/acts?id=31576 Auction sale under liquidation requires a structured framework for marketing, notice, bidder access, reserve price, due diligence, bid scrutiny, payment, and transfer. The liquidator must issue public notice, allow inspection and due diligence, collect earnest money in advance, complete the auction within the prescribed period, verify the highest bidder's eligibility, and proceed to confirmation, rejection, forfeiture, or consideration of the next highest bidder as required. Private sale must follow a separate strategy aimed at potential buyers and is completed according to the terms of sale after full consideration is received. en-us Thu, 04 Jan 2018 11:24:26 +0530 Tue, 09 Jun 2026 13:20:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31576 Auction sale under liquidation requires a structured framework for marketing, notice, bidder access, reserve price, due diligence, bid scrutiny, payment, and transfer. The liquidator must issue public notice, allow inspection and due diligence, collect earnest money in advance, complete the auction within the prescribed period, verify the highest bidder's eligibility, and proceed to confirmation, rejection, forfeiture, or consideration of the next highest bidder as required. Private sale must follow a separate strategy aimed at potential buyers and is completed according to the terms of sale after full consideration is received. Act-Rules IBC Thu, 04 Jan 2018 11:24:26 +0530 https://www.taxtmi.com/acts?id=31576