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IBC The following shall not be included in the liquidation estate assets and shall not be used for recovery in the liquidation: — (a) assets owned by a third party which are in possession of the corporate debtor, including— (i) assets held in trust for any third party; (ii) bailment contracts; (iii) all sums due to any workman or employee from the provident fund, the pension fund and the gratuity fund; (iv) other contractual arrangements which do not stipulate transfer of title but only use of the assets; and (v) such other assets as may be notified by the Central Government in consultation with any financial sector regulator; (b) assets in security collateral held by financial services providers and are subject to netting and set-off in multi-lateral trading or clearing transactions; (c) personal assets of any shareholder or partner of a corporate debtor as the case may be provided such assets are not held on account of avoidance transactions that may be avoided under this Chapter; (d) assets of any Indian or foreign subsidiary of the corporate debtor; or (e) any other assets as may be specified by the Board, including assets which could be subject to set-off on account of mutual dealings between the corporate debtor and any creditor.
E is the son of A. D is the son of B. E is married to C. C is B’s daughter. How is D related to E?
Statements:
Some soldiers are famous.
Some soldiers are intelligent.
All soldiers are honest.
All honest persons are kind-...
Seven boys Ram, Sumit, Sunil, Rahul, Raj, Aman and Amit are sitting around a circular table facing towards the centre (not necessarily in the same order...
The Indian Railways will float global tenders worth over ₹100 crore for acquiring sophisticated equipment to run 1,000 trains without guards. The End ...
The amount of chocolate sold in India ballooned by 13% in 2016, according to new data from research firm Mintel.The trend makes India a major outlier: t...
How many pairs of letters are there in the word “FUNCTIONAL” which has as many letters between them in the word as in the English alphabetical serie...
Select the option in which the numbers are related in the same way as the numbers in the following set:
(13, 20, 14)
Statements:
Only Song are Lyrics.
Some Song are Music.
All Music are Composer.
Conclusion:
I. All Song are Composer i...
Select the figure that will come in place of the question mark (?) in the following figure series.
Statement:
Few A are B
All A are D
All B are C
Conclusion:
I. Some A are C <...