Regulation 32. - Sale of Assets, etc. - Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016

CHAPTER VI REALISATION OF ASSETS 3 [32. Sale of Assets, etc. The liquidator may sell- (a) an asset on a standalone basis; (b) the assets in a slump sale; (c) a set of assets collectively; (d) the assets in parcels; (e) the corporate debtor as a going concern; or (f) the business(s) of the corporate debtor as a going concern: Provided that where an asset is subject to security interest, it shall not be sold under any of the clauses (a) to (f) unless the security interest therein has been relinquished to the liquidation estate. ] ******************** Notes:- 1. Substituted vide No. IBBI/2017-18/GN/REG028 - Dated 27-03-2018 , before it was read as, (iii) the assets in parcels. 2. Inserted vide No. IBBI/2017-18/GN/REG028 - Dated 27-03-2018 3. Substituted vide Notification No. IBBI/2018-19/GN/REG037 dated 22-10-2018 before it was read as Manner of sale 32. The liquidator may (a) sell an asset on a standalone basis; or (b) sell (i) the assets in a slump sale, (ii) a set of assets collectively, or 1 [(iii) the assets in parcels; or] 2 [(c) sell the corporate debtor as a going concern . ]