Mode of sale
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....ssion of the Adjudicating Authority under this sub-regulation to: (a) a related party of the corporate debtor subject to proviso to clause (f) of sub-section (1) of Section 35; (b) his related party; or (c) any professional appointed by him.] ^5[(2) The liquidator may sell the assets of the corporate debtor by means of private sale only after prior approval of t....
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....itors and the buyer, and shall submit a report to the Adjudicating Authority in this regard, seeking appropriate orders against the colluding parties. ***************** NOTES:- 1. Substituted vide Notification No. IBBI/2023-24/GN/REG112 dated 12-02-2024 before it was read as, "private sale in the manner specified in Schedule I when" 2. Ins....
TaxTMI