Asset memorandum

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..... on memorandum prepared under section 29, with suitable modifications.] 3[(1A) For cases covered under sub-regulation (2) of regulation 35, the liquidator shall prepare an asset memorandum in accordance with this Regulation within seventy-five days from the liquidation commencement date.] (2) The asset memorandum shall provide the following details in respect of the assets which are intended to b .....

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..... easons for the same; (c) expected amount of realization; and (d) any other information that may be relevant for the realization of the asset. (4) The liquidator shall file the asset memorandum along with the preliminary report to the Adjudicating Authority. 4[(5) The liquidator shall share the asset memorandum with the Board and members of the consultation committee having voting rights afte .....

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..... days from the liquidation commencement date." 3. Inserted vide Notification No. IBBI/2022-23/GN/REG094 dated 16-09-2022, 4. Substitute vide Notification No. IBBI/2022-23/GN/REG094 dated 16-09-2022, before it was read as :- "The asset memorandum shall not be accessible to any person during the course of liquidation, unless permitted by the Adjudicating Authority." -
Statute, statutory prov .....

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