sale notice under liquidation

Subdivision (a) makes those provisions applicable as well to notices for proposed use and lease of property. Welcome to Big Red Bounce inflatables. Aug. 1, 1987; Apr. 38 0 obj % The rule is amended by inserting a new subdivision (g) to implement 332 and 363(b)(1)(B) of the Code, added by the 2005 amendments. The latest set of amendments to liquidation regulations also clarifies that the consultation committee (constituted by the liquidator based on the list of stakeholders) will advise the liquidator on matters relating to appointment of professionals and their remuneration; and sale of assets, including manner of sale, pre-bid qualifications, reserve price, amount of earnest money deposit, and marketing strategy. >> (12) On the close of the auction, the highest bidder shall be invited to provide balance sale consideration within fifteen days of the date when he is invited to provide the balance sale consideration. endobj x]s7*`[.YKx6hKT(`k8Vdr@7@&y~x^%irOd*K&T:|%YZdBOdg'\_6j}"YKQ,rTs?>}Xy!S1ZdX36.Jd[? In some situations a notice of sale for different pieces of property to all persons specified in Rule 2002(a) may be uneconomic and inefficient. (d) Sale of Property Under $2,500. If a timely objection is filed, a hearing is required with respect to the use, sale, or lease of property. The Committee Note was amended to highlight the connection between this rule and Rule 2002 with regard to the obligation to provide notice of proposed transactions. 08.10.2021 in the matter of M/s. /Subtype /TrueType Dunlop India Limited (In Liquidation), Sale notice dt. This rule is amended to provide notice to the United States trustee of a proposed use, sale or lease of property not in the ordinary course of business. Rule 6003. /Widths 41 0 R << >> (1) Where an asset is to be sold through private sale, a liquidator shall conduct the sale in the manner specified herein. In some instances there is a need to conduct a sale in a short period of time and the court is given discretion to tailor the requirements to the circumstances. A motion for authority to sell or lease personally identifiable information under 363(b)(1)(B) shall include a request for an order directing the United States trustee to appoint a consumer privacy ombudsman under 332. To view the notification, Listing Obligation and Disclosure Requirements, Circular on fund raising by issuance of Debt Securities by Large Entities, Circular for implementation of recommendations of the Committee on Corporate Governance under the Chairmanship of Shri Uday Kotak, ADT-1 Form filler and Consent letter generator, DIR-2 Consent from the Director and Register of Directors & KMP update, CimplyFives Text of Model Resolutions under the Companies Act, 2013, Schedule II-Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. (Under Regulation 33 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016). (1) Where an asset is to be sold through auction, a liquidator shall do so the in the manner specified herein. /FirstChar 32 30, 1987, eff. x `3CiFCsqqc @Zh.iliGKzl9$- +n[Zfc2bw2c;3~_===F~~#= (&iq%? See Rules 5005(a) and 9001(3). endobj /FontWeight 400 Subdivision (c). Subdivision (a) is amended to conform to the 1984 amendments to 363(b)(2) of the Code. In an appropriate case, the consumer privacy ombudsman may seek a continuance of the hearing on the proposed sale to perform the tasks required of the ombudsman by 332 of the Code.

28.12.2020 in the matter of M/s. If the property is not sold by an auctioneer, the trustee, debtor in possession, or chapter 13 debtor shall file the statement and transmit a copy thereof to the United States trustee. Subdivision (b) is amended to provide that an objection to a proposed use, sale, or lease of property creates a contested matter governed by Rule 9014. The liquidator may engage the services of qualified professional auctioneers specializing in auctioning such assets for this purpose. 4 0 obj Subdivisions (a) and (b). (2) The liquidator shall prepare a marketing strategy, with the help of marketing professionals, if required, for sale of the asset. Subdivision (b) of the rule requires the objection to be in writing and filed not less than five days before the proposed action is to take place. 11.05.2022 : M/s. 17 - 19 de Mayo, Pabelln Innovacin, Calidad y Ambientes de Aprendizaje, UdeG presente en Jalisco Talent Land 2022, UdeG ser sede de la Cumbre Internacional del Hbitat de Amrica Latina y El Caribe, Abren licenciatura en Construccin de Paz y Seguridad en CUTlajomulco para el calendario 2022-B, Destaca publicacin internacional diseo arquitectnico del MCA, UdeG tendr oferta cultural durante vacaciones de verano 2022, School Board Candidate Says Doctors Helping Trans Kids Should Hang From A Tree, Hiring woes loom large at business officers' conference, U.S. shuts a community college's 'free' program for union members, President of NC Community College system abruptly resigns, Academic freedom is under threat in India. An objection to the proposed use, sale, or lease of property is governed by Rule 9014. /FontDescriptor 37 0 R /CapHeight 677 Section 363(f) provides that sales free and clear of liens or other interests are only permitted if one of the five statutory requirements is satisfied. /FontBBox [-568 -216 2046 693] stream Conduct of Sale Not in the Ordinary Course of Business. See Rule 2002(k). <>>> Committee of Creditors to come within IBBIs regulatory fold. We look forward to see you at your next eventthanks for checking us out! An order authorizing the use, sale, or lease of property other than cash collateral is stayed until the expiration of 14 days after entry of the order, unless the court orders otherwise. To view the notification. endobj Vivekananda Forging (India) Ltd. ( In Liquidation), Sale Notice in the matter of M/s M.S. (In Liquidation), Sale notice dated 16.03.2021 in the matter of: PLG Power Ltd. (In Liquidation), Sale notice in the matter of Crescent Realista Builders Ltd. (In liquidation), Sale notice dt. GAP Report on Rule 6004. (b) preparing information sheets for the asset; (3) The liquidator shall prepare terms and conditions of sale, including reserve price, earnest money deposit as well as pre-bid qualifications, if any. E-auction Sale notice in the matter of M/s. /Length 115605 /Descent -216 Stay of Order Authorizing Use, Sale, or Lease of Property.

Thus, the requirements of Rule 2002(c) need not be met. The liquidator shall make a public announcement of an auction in the manner specified in Regulation 12(3); Provided that the liquidator may apply to Adjudicating Authority to dispense with the requirement of Regulation 12(3)(a) keeping in view the value of the asset intended to be sold by auction. (8) If the liquidator is of the opinion that a physical auction is likely to maximize the realization from the sale of assets and is in the best interests of the creditors, he may sell assets through a physical auction after obtaining the permission of the Adjudicating Authority. l6sb^A)x,s !Rx$}G,|,sa9`f' /nl/&jLtL0bZ The gross value is the value of the property without regard to the amount of any debt secured by a lien on the property. Rule 2002(c)(1) requires the seller to state in the notice of the sale or lease whether the transfer is consistent with and policy governing the transfer of the information. It further says that earnest money deposit for participation in an auction under the liquidation process will not exceed 10 per cent of the reserved price. Vikash Metal & Power Limited (In Liquidation), E- Auction Sale Notice dt. 26, 2009, eff. No falten al Encuentro de Innovacin Educativa, #InnovaForum de la @Universidad de Guadalajara , "Aprendizaje hbrido y pedagogas activas". The duty imposed by paragraph (2) does not affect the power of the bankruptcy court to order third persons to execute instruments transferring property purchased at a sale under this subdivision. endobj 41 0 obj <> The United States trustee's notice shall be accompanied by a verified statement of the person appointed setting forth the person's connections with the debtor, creditors, any other party in interest, their respective attorneys and accountants, the United States trustee, or any person employed in the office of the United States trustee. After a sale in accordance with this rule the debtor, the trustee, or debtor in possession, as the case may be, shall execute any instrument necessary or ordered by the court to effectuate the transfer to the purchaser. (f) Conduct of Sale Not in the Ordinary Course of Business. A motion for authority to sell property free and clear of liens or other interests shall be made in accordance with Rule 9014 and shall be served on the parties who have liens or other interests in the property to be sold. Article by Debajyoti Ray Chaudhuri, MD & CEO, NeSL on The Information Utility-the IPs Personal Assistant published in the Taxmann on July 12, 2022. ibbi.gov.in from October 1. Crescent Realista Builders Ltd. (In Liquidation), Sale noticein the matter of The Bengal Paper Mills Company Ltd. (In Liquidation), E- Auction Sale Notice dt. Except as provided in subdivisions (c) and (d) of this rule, an objection to a proposed use, sale, or lease of property shall be filed and served not less than seven days before the date set for the proposed action or within the time fixed by the court. Meghna Mishra, Partner, Karanjawala & Co, said that the centralised electronic platform envisaged directs that all particulars in relation to assets being liquidated be uploaded which should help in better visibility, increase the participation of prospective buyers, help get a better realisation of assets, and expedite the entire process. /ItalicAngle 0 IBBI Circular-IBBIs Electronic Platform for hosting Public Notices of Auctions of Liquidation Assets under the IBBI (Liquidation Process) Regulations, 2016 dated 30.09.2021. }/O$>Or&mX| UE"Pj@0J3u L_I6@LvaVYJ$Ue5y,exeq>'K})S}.Q~Y _v:;PK@e /Type /Font

The notice required by subdivision (a) of this rule shall include the date of the hearing on the motion and the time within which objections may be filed and served on the debtor in possession or trustee. Notes of Advisory Committee on Rules1991 Amendment. (10) If the liquidator is of the opinion that an auction where bid amounts are not visible is likely to maximize realizations from the sale of assets and is in the best interests of the creditors, he may apply, in writing, to the Adjudicating Authority for its permission to conduct an auction in such manner. Dec. 1, 1999; Apr. The Gouripur Company Ltd. (In Liquidation), Sale Notice in the matter of M/s. /CapHeight 693

/Ascent 891 endobj Pritika Kumar, Founder and Sentinel Counsel, Cornellia Chambers, said that the move to demarcate a centralised platform for hosting all public notices of auctions of liquidation assets of ongoing liquidation processes is going to improve visibility for the assets being sold, and will certainly expedite the process and lead to better realisation from sale of assets. This is one more positive step taken by the government which shall bring further relief to all stakeholders, she said.

Glass Industries Ltd. (In Liquidation), Sale notice in the matter of PLG Power Ltd. (In Liquidation), Sale notice in the matter of M/s. Unless it is impracticable, an itemized statement of the property sold, the name of each purchaser, and the price received for each item or lot or for the property as a whole if sold in bulk shall be filed on completion of a sale. Subdivision (g) is added to provide sufficient time for a party to request a stay pending appeal of an order authorizing the use, sale, or lease of property under 363(b) of the Code before the order is implemented. To view the notification. 16, Col. Ladrn de Guevara, C.P. The deadlines in the rule are amended to substitute a deadline that is a multiple of seven days. Dunlop India Ltd. (In Liqudation), Sale Notice dt. This time period is subject to change by the court. <> The court may, in its discretion, order that Rule 6004(g) is not applicable so that the property may be used, sold, or leased immediately in accordance with the order entered by the court. We offer indoor facilities that include many of our inflatables for a great price. (5) Thereafter, the assets shall be delivered to the purchaser, on receipt of full consideration for the assets, in the manner specified in the terms of sale. /Ascent 891 39 0 obj Rule 6004(g) does not apply to orders regarding the use of cash collateral and does not affect the trustee's right to use, sell, or lease property without a court order to the extent permitted under 363 of the Code. 3 0 obj ;' / -Y} \Uv?vH8 .zeYwO0z.5;O?` NwIU F?N_8>+{OIl8@w2i`~&qzxqc k6l>o> l N.#9;]`CkX~^Hn>XY^lElK6}}'>]uZv [?#'.\`~{oPFh}w:sXGJ+zP`p`a+|q*5n3g"S!6]h&3n,j]eo7ii~ /ItalicAngle 0 /XHeight 250 << If the property is sold by an auctioneer, the auctioneer shall file the statement, transmit a copy thereof to the United States trustee, and furnish a copy to the trustee, debtor in possession, or chapter 13 debtor. ), Notes of Advisory Committee on Rules1983. If a timely objection is made pursuant to subdivision (b) or (d) of this rule, the date of the hearing thereon may be set in the notice given pursuant to subdivision (a) of this rule. (h) Stay of Order Authorizing Use, Sale, or Lease of Property. %PDF-1.5 30, 1991, eff. Thanks, https://bigredbounce.com/wp-content/uploads/2013/07/slip-and-slide-video.mp4, Check out our amazing inflatables and pricing, click on our Entertainment Options below, Come join us at a public event, dates and locations listed on our Calendar. This is particularly true in some chapter 7 liquidation cases when there is property of relatively little value which must be sold by the trustee. (2) The liquidator shall prepare a strategy to approach interested buyers for assets to be sold by private sale. It is not necessary to give a detailed notice specifying the time and place of a particular sale. /Name /F1 On payment of the full amount, the sale shall stand completed, the liquidator shall execute certificate of sale or sale deed to transfer such assets and the assets shall be delivered to him in the manner specified in the terms of sale. /StemV 42 /FirstChar 32 47 0 obj Notes of Advisory Committee on Rules1987 Amendment. Pursuant to 363(b) court approval is not required unless timely objection is made to the proposed sale. /Descent -216 Vikash Metal & Power Limited ( In Liquidation), Sale notice dt. (4) The sale shall stand completed in accordance with the terms of sale. Subdivision (d). | Photo Credit: Wpadington. endobj Narmada Offshore & Technical Services P. Ltd. Corrigendum_Notice_Emtex Industries India Ltd, Narmada offshore & Technical Services Ltd, sale notice dt 05.11.2020 Birla Surya Ltd, Giltedge management Services Ltd. (In Liqn. /XHeight 250 He said the latest amendments to the Liquidation Process Regulations focus on providing wider autonomy to the liquidator to carry out the liquidation process, along with the formation of a consultation committee consisting of representatives of all stakeholders. Provided further that the sale shall be cancelled if the payment is not received within ninety days. /Registry (Adobe) endobj Lng=X}O8eOAb"L.iqZ5u@c8w:8.brYo 2&;Gn&Aom]XTdG[swb~>'%L8_. (12) On the close of the auction, the highest bidder shall be invited to provide balance sale consideration within ninety days of the date of such demand: Provided that payments made after thirty days shall attract interest at the rate of 12%: /StemV 40 endobj 45 0 obj The words with the clerk in subdivision (f)(1) are deleted as unnecessary. /AvgWidth 401 Use, Sale, or Lease of Property. Still nascent IBC ecosystem requires nurturing, says outgoing IBBI chief Sahoo, Committee of Creditors to come within IBBIs regulatory fold, Piatrika Biosystems raises $1.2 m seed fund, NPS: Pension regulator grants licence to DSP Investment Managers to launch fund, Instagram adds boost feature to turn Reels into ads, YES Bank is only a few quarters away from turning a new leaf, IFPMA proposes equitable access framework for future pandemics. << Vikash Metal & Power Limited (In Liquidation), Sale notice dt. /FontName /Times#20New#20Roman Inserted vide Insolvency and Bankruptcy Board of India (Liquidation Process) (Second Amendment) Regulations, 2021 dated 30.09.2021. NeSL is Indias first Information Utility and is registered with the Insolvency and Bankruptcy Board of India (IBBI) under the aegis of the Insolvency and Bankruptcy Code, 2016 (IBC). % Under 332 of the Code, the consumer privacy ombudsman must be appointed at least five days prior to the hearing on a sale or lease of personally identifiable information. The objection should also be served within that time on the person who is proposing to take the action which would be either the trustee or debtor in possession. stream Insolvency regulator IBBI has now made it mandatory for all public notices of auctions of every liquidated asset to be published in its centralised platform On payment of the full amount, the sale shall stand completed, the liquidator shall execute certificate of sale or sale deed to transfer such assets and the assets shall be delivered to him in the manner specified in the terms of sale. 1 0 obj Close up crooped shot of female hands using laptop. Copyright 2022, THG PUBLISHING PVT LTD. The itemized statement or information required by the subdivision is not necessary when it would be impracticable to prepare it or set forth the information. /Encoding /WinAnsiEncoding /Widths 38 0 R (3) Private sale may be conducted through directly liaising with potential buyers or their agents, through retail shops, or through any other means that is likely to maximize the realizations from the sale of assets. 27.09.2021 in the matter of M/s. A similar amendment is made to subdivision (d), which was formerly subdivision (c). The Bengal Paper Mills Company Ltd. (In Liquidation), Corrigendum of Sale notice dt. (a) Notice of Proposed Use, Sale, or Lease of Property. Rule 2002(a), (c) and (i) specifies the time when notice of sale is to be given, the contents of the notice and the persons to whom notice is to be given of sales of property. Throughout the rules, deadlines are amended in the following manner: Notice of Proposed Use, Sale, or Lease of Property. Notwithstanding subdivision (a) of this rule, when all of the nonexempt property of the estate has an aggregate gross value less than $2,500, it shall be sufficient to give a general notice of intent to sell such property other than in the ordinary course of business to all creditors, indenture trustees, committees appointed or elected pursuant to the Code, the United States trustee and other persons as the court may direct. This is the Official Website of the National E-Governance Services Ltd. All rights reserved, Legal Entities without obtaining Authority Letter, Authentication for non-individual using Aadhar E-sign, Non Individuals Data Submission (Table No I), Individuals Data Submission (Table No II), Gold, Micro Finance Institutions (MFI) debts, SHG/JLG debts, Agriculture debts (Table No III)), Operational Creditor Services (Table No V), ICMS / PDA Demo Video on Subscription and Registration for IPs, Final Addendum to Sale Notice (09/03/2022), E-Auction Process Memorandum for Lower Parel Office and Andheri Flat (29.10.2021), E-Auction Sale Notice for Lower Parel Office and Andheri Flat (29.10.2021), Affidavit Site Visit - Liquidation as A Going Concern. It does not affect the time for filing a notice of appeal in accordance with Rule 8002. Dec. 1, 2009. (4) The reserve price shall be the value of the asset arrived at in accordance with regulation 35. [250 0 0 0 0 0 833 0 333 333 0 570 250 333 250 278 500 500 500 500 500 500 500 500 500 500 333 0 0 0 0 0 930 722 667 722 722 667 611 778 778 389 500 778 667 944 722 778 611 778 722 556 667 722 722 1000 722 722 0 0 0 0 0 0 0 500 556 444 556 444 333 500 556 278 333 556 278 833 556 500 556 556 444 389 333 556 500 722 500 500 444] Dec. 1, 2008; Mar. /Flags 32 (e) Hearing. endobj It was also amended to recognize the ability of the consumer privacy ombudsman to seek a continuance of a hearing on the proposed sale of personally identifiable information. Where an auction fails at reduced price under clause (4A), the reserve price in subsequent auctions may be further reduced by not more than ten percent at a time.; (4) The reserve price shall be the value of the asset arrived at in accordance with Regulation 34.

Copyright 2020. Prime Impex Limited. Insolvency and Bankruptcy Board of India (Liquidation Process) (Second Amendment) Regulations, 2021 dated 30.09.2021. The latest amendment clarifies that the liquidator will not require payment of non-refundable deposit or fee for participation in auction under the liquidation process. >> Subdivision (c) is new. If a consumer privacy ombudsman is appointed under 332, no later than seven days before the hearing on the motion under 363(b)(1)(B), the United States trustee shall file a notice of the appointment, including the name and address of the person appointed. << /Flags 32 /BaseFont /Times#20New#20Roman To view the notification. 36 0 obj 10.09.2021 in the matter of M/s. of the reserve price. Substituted vide IBBI (Liquidation Process) (Amendment) Regulations, 2019 dated 25.07.2019. Girl sitting in loft coffee shop and making bets online on sport bookmaker's webcite. The rule is amended to implement changes in connection with the amendment to Rule 9006(a) and the manner by which time is computed under the rules. /BaseFont /Times#20New#20Roman,Bold 23, 2008, eff. 26, 1999, eff. /Filter /FlateDecode Subdivision (d) renders the filing of an objection tantamount to requesting a hearing so as to require a hearing pursuant to 363(b) and 102(l)(B)(i). Such valuation shall not be more than six months old. 21.02.22, Terms & Conditions of M/s. << endobj (c) Sale Free and Clear of Liens and Other Interests. Vivekananda Forging (India) Ltd. (In Liquidation), Sale Notice in the matter of M/s.

/Leading 42 1943). /Name /F2 13.09.2021 in the matter of M/s. Also see: 15.03.22 in the matter of M/s. /Subtype /TrueType Sale Free and Clear of Liens and Other Interests. The strategy may include-. Subdivision (c) would have little utility in chapter 11 cases. fK'H3E_sk2+rLl,TIHgRZ_yIJ)[MK:~?$u 5Q1]IX X/,}zuZ?Y&}OSf2SW@x~*,WgDdD!$jO%=zLtENYlFj8Idn5.8M-EH~|ouw"94 |0Xyso#!p2[`-JrlscsB{W"f5(+,s+S.a6l@)x|Dnk=4n#Y>w2D6}~=| Kxc-]Hs#3/9?FtZ3RZ?cmpbo>/RFOSqa[OP"!s H XMDhv,J;!o?16~S55Lv_h7k|Kx2[S#1sBx9{Q:/f&hYzBrjFw E}l;fs2h!(h23Fv ) t5TM3:!~l/ )+'8>_-iR8w*qq"&;;K.r[O63K*ce9OK =6k>|I>I>\Y4`w;8Q %>i*9C#_ny/n'NcBI_;\J2}'W3)e=Cku1P);`Az'1;#QjHsd9 V5h(v0UU2;&8/s_a .u{:Ojt>#g+n{$[lfcbwVE;0>c tpEI08i=H{u,kXqFcVV)u*Y/.;CW+.. Escuela Militar de Aviacin No. 21.02.2022, Terms & Conditions of M/s. It has also amended its liquidation-related regulations to stipulate that liquidators have to provide reasons of rejection of the highest bid and need to mention those reasons in the next progress report to be submitted to the adjudicating authority (National Company Law Tribunal). If this method of providing notice of sales is used, the subdivision specifies that parties in interest may serve and file objections to the proposed sale of any property within the class and the time for service and filing is fixed at not later than 15 days after mailing the notice. /LastChar 122 Still nascent IBC ecosystem requires nurturing, says outgoing IBBI chief Sahoo. Substituted vide Insolvency and Bankruptcy Board of India (Liquidation Process) (Second Amendment) Regulations, 2021 dated 30.09.2021. /Type /FontDescriptor >> For example, a liquidation sale of retail goods although not in the ordinary course of business may be on a daily ongoing basis and only summaries may be available. (b) Objection to Proposal. Dunlop India Ltd. (In Liquidation), Sale Notice in the matter of Goldmine Animal Husbandry Pvt. /Ordering (Identity) An objection to any such sale may be filed and served by a party in interest within 14 days of the mailing of the notice, or within the time fixed by the court. The Code does not provide the time within which parties may file objections to a proposed sale. Dunlop India Ltd. (In Liquidation), Sale Notice dt. To view the circular. (1) Public or Private Sale. ), Suvikas Alloys And Steel pvt. Ltd. (In Liquidation), 2022 Office of the Official Liquidator, High Court, Calcutta.. Website Designed & Maintained by: AD Systems, Sale notice dt. (2) Appointment. Sawant Singh, Partner, Phoenix Legal, said that publishing the auction notices on an online public platform will certainly expand the number of buyers participating in the auction process and increase the realisation of the value of the corporate debtors assets. The active participation and guidance of the stakeholders in the sale process will hopefully iron out issues relating to assimilation of information which used to crop us in the past, and aid the liquidator for effective sale of assets, he said. /FontWeight 700 (9) An auction shall be transparent, and the highest bid at any given point shall be visible to the other bidders. /FontDescriptor 40 0 R ), Final Notice of refund to the Bidders for collecting their Pre-Deposit/EMD amount already paid, Aamby Valley City- Hon'ble Supreme Court Order dated 17.04.2018, Aamby Valley City -Hon'ble Supreme Court dated 16.05.2018, Global SMS Networks Private Limted (In Liqn), In the matter of Aamby Valley City- Cancellation of tender for appointment of agency, Auction of land parcels of Aamby Valley City, etc-addendum dated 23.05.2018 extending the dates of auction etc mentioned in Tender document, Patheja Brothers Forging & Stamping Ltd. (In Liqn), The Companies ( Donation To National ) Fund Act, 1951. Rule 9013 requires that a motion state with particularity the grounds relied upon by the movant. Dunlop India Ltd. (In Liquidation). Where an auction fails at the reserve price, the liquidator may reduce the reserve price by up to twenty-five percent of such value to conduct subsequent auction. All sales not in the ordinary course of business may be by private sale or by public auction. /MaxWidth 2558 /Type /Font Also see: (As amended Mar. 586(a)(3)(G). However, in the event that an auction fails at such price, the liquidator may reduce the reserve price up to seventy-five per cent of such value to conduct subsequent auctions.

[250 0 0 0 0 833 778 0 333 333 500 564 250 333 250 278 500 500 500 500 500 500 500 500 500 500 278 278 0 0 0 0 921 722 667 667 722 611 556 722 722 333 389 722 611 889 722 722 556 722 667 556 611 722 722 944 722 722 611 333 0 333 0 500 0 444 500 444 500 444 333 500 500 278 278 500 278 778 500 500 500 500 333 389 278 500 500 722 500 500 444] Former subdivision (g) is redesignated as subdivision (h). /Encoding /WinAnsiEncoding Ltd.(In Liqn), In the matter of Zenith Infotech Ltd (In Lifqn), In the matter of Glodyne Technoserve Ltd (In Liqn), In the matter of Suvikas Alloys & Steels Pvt Ltd (In Liqn), In the matter of Effron Laboratories Pvt Ltd (In Liqn), In the matter of Sonal Garments (I) Pvt Ltd (In Liqn), In the Matter of Alliance Agro India Ltd (In Liqn), In the Matter of Alliance Agro India (In Liqn, In the matter of Sanghvi Steels Ltd (In Liqn), In the matter of City Realcom (India) Pvt Ltd and City Realcom Ltd (In Liqn), Emtex Industires India Limited (In Liquidation), In the matter of Alpic Finance Ltd (In Liqn), In the matter of Ushma Jewellery & Packaging Exports Pvt Ltd (In Liqn), In the matter of Taurian Iron and Steel Co Pvt Ltd (In Liqn), In the matter of Gol Offshore Ltd (In Liqn), In the matter of K R Commodities Exports Pvt Ltd (In Liqn), Mafatlal Engineering Industries Ltd (In Liqn), Auction of land parcels of Aamby Valley City, etc-addendum-II dated 12.06.2018 extending the dates of auction etc mentioned in Tender document dated 16.04.2018, In the matter of Rajat Pharmachem Ltd. (In Liqn. /FontBBox [-558 -216 2000 677] Interim and Final Relief Immediately Following the Commencement of the Case, Rule 6004. Inserted vide IBBI (Liquidation Process) (Amendment) Regulations, 2019 dated 25.07.2019. To view the notification. 10.09.2021 in the matter of M/s. Where the liquidator rejects the highest bid in an auction process, he shall intimate the reasons for such rejection to the highest bidder and mention it in the next progress report. Subdivision (e) is derived in part from former Bankruptcy Rule 606(b) but does not carry forward the requirement of that rule that court approval be obtained for sales of property. Aug. 1, 1991; Apr. Changes Made After Publication. >> A motion for approval of a sale free and clear of liens or other interests is subject to Rule 9014, service must be made on the parties holding liens or other interests in the property, and notice of the hearing on the motion and the time for filing objections must be included in the notice given under subdivision (a). Sale of Personally Identifiable Information. /Type /FontDescriptor the liquidator shall not require payment of any non-refundable deposit or fee for participation in an auction under the liquidation process: the earnest money deposit shall not exceed ten percent. ), Suvikas Alloys & Steel Private Limited (In Liqn), In the matter of Oceanic Oil Fields Management Pvt Ltd (In Liqn), Etisalat DB Telecom Private Limited (In Liqn), Vibha Mechano Electric India Private Limited (In Liqn), Giltedge Management Services Limited (In Liquidation), Shree Ashtvinayak Cine Vision ltd (In Liqn), Shree Ashtavinayak Cine Vision Ltd (In Liqn), Green Earth Education Ltd.(In ProvLiqn.