https://www.taxtmi.com/manuals?id=3097 Section 36 requires the liquidator to form a liquidation estate of specified assets of the corporate debtor and hold it as a fiduciary for creditors. The estate comprises owned tangible and intangible assets, encumbered assets, assets not in possession, proceeds, assets recovered by avoidance actions, and assets where secured creditors have relinquished security. Section 36(4) excludes third party assets in the debtor's possession (trusts, bailments), employee provident/pension/gratuity sums, subsidiary assets, and assets subject to netting or set off; excluded assets cannot be realised or distributed from the liquidation estate. en-us Wed, 16 Aug 2023 14:19:00 +0530 Fri, 08 Dec 2023 15:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=3097 Section 36 requires the liquidator to form a liquidation estate of specified assets of the corporate debtor and hold it as a fiduciary for creditors. The estate comprises owned tangible and intangible assets, encumbered assets, assets not in possession, proceeds, assets recovered by avoidance actions, and assets where secured creditors have relinquished security. Section 36(4) excludes third party assets in the debtor's possession (trusts, bailments), employee provident/pension/gratuity sums, subsidiary assets, and assets subject to netting or set off; excluded assets cannot be realised or distributed from the liquidation estate. Manuals IBC Wed, 16 Aug 2023 14:19:00 +0530 https://www.taxtmi.com/manuals?id=3097