Central Government, consultation with the Reserve Bank of India, notifies the manner of dealing with the third party assets in custody or possession

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....f the Insolvency and Bankruptcy Code, 2016 (31 of 2016) and in pursuance of rule 10 of the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019, the Central Government, in consultation with the Reserve Bank of India, hereby notifies the manner of dealing with the third party assets in custody or poss....

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....ited and maintained in a separate account and are not merged with the funds or other assets of such financial service provider; (d) oversee the operation of the account referred to in item (c); (e) transfer such receivables collected and deposited in the account referred to in item (c) in accordance with the terms and conditions of such contract: Explanation.- For the purpose of this item, any ....