Mode of sale

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..... auction as specified in Part A of Schedule II. (2) The bankruptcy trustee may sell the assets by private sale, in the manner specified in Part B of Schedule II if- (a) the asset is perishable in nature; (b) the value of the asset is likely to deteriorate significantly if the sale is delayed; or (c) the selling price of the asset is higher than the reserve price .....

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..... (b) the bankrupt; (c) the creditors; (d) associates of the bankrupt or creditors; (e) the corporate debtor; or (f) related party of the corporate debtor, and shall submit a report to the Adjudicating Authority for appropriate orders. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Man .....

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