https://www.taxtmi.com/acts?id=38046 Regulation divides asset disposal into auction and private sale and requires the bankruptcy trustee to prepare written sale and marketing strategies, set terms including a reserve price based on a valuation not older than six months, and assist buyer due diligence. Auctions are to be conducted electronically on designated portals with visible highest bids unless otherwise permitted, allow multiple rounds, engagement of qualified auctioneers, and permit reserve price reductions to seventy-five percent on failure (with further reductions by committee approval). Private sale requires a written strategy submitted to the Adjudicating Authority and may use direct liaison or retail channels to maximise realisations, with completion as per sale terms. en-us Thu, 21 Nov 2019 14:41:34 +0530 Mon, 02 Dec 2019 18:14:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=38046 Regulation divides asset disposal into auction and private sale and requires the bankruptcy trustee to prepare written sale and marketing strategies, set terms including a reserve price based on a valuation not older than six months, and assist buyer due diligence. Auctions are to be conducted electronically on designated portals with visible highest bids unless otherwise permitted, allow multiple rounds, engagement of qualified auctioneers, and permit reserve price reductions to seventy-five percent on failure (with further reductions by committee approval). Private sale requires a written strategy submitted to the Adjudicating Authority and may use direct liaison or retail channels to maximise realisations, with completion as per sale terms. Act-Rules IBC Thu, 21 Nov 2019 14:41:34 +0530 https://www.taxtmi.com/acts?id=38046