Realisation of security interest

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Full Text of the Document

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....s to realise the secured asset. (2) The bankruptcy trustee shall attempt to identify a buyer willing to purchase the security at a price higher than the price intimated under sub-regulation (1), and the asset shall then be sold to such buyer, if any, at the higher price by the secured creditor. (3) Where the secured asset is realised under sub-regulation (2), the cost of identification of th....