Liquidator Can Sell Corporate Debtor's Assets Under Insolvency Code; Must Distribute Proceeds per Section 53 Priorities.

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....Jurisdiction - power of liquidator to sell the immovable properties and actionable claims of the Corporate Debtor - Distribution of Sale Proceeds - In view of the provisions of Section 53 of the I&B Code, 2016 the liquidator have to act as provided under Section 53 of the Code for which the specific direction is not required from this Adjudicating Authority - Tri....