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Mode of sale

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Full Text of the Document

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....rustee may sell the assets by private sale, in the manner specified in Part B of Schedule II if- (a) the asset is perishable in nature; (b) the value of the asset is likely to deteriorate significantly if the sale is delayed; or (c) the selling price of the asset is higher than the reserve price of a failed auction. (3) The following persons shall not purchase or acquire any interest in the....

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