Regulation 31 - Manner of sale - Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017

CHAPTER VI REALISATION OF ASSETS Manner of sale 31. The liquidator may value and sell the assets of the corporate person in the manner and mode approved by the corporate person in compliance with provisions, if any, in the applicable statute. Explanation: assets include an asset, all assets, a set of assets or parcel of assets, as the case may be, in relation to sale of assets.