Just a moment...

Report
FeedbackReport
Bars
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

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

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....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....