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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.
Two workers A and B working together completed a job in 5 days. If A worked twice as efficiently as he actually did and B worked 1/3 as efficiently as h...
A man is travelling at a speed of 100 km/h such that he will take 60 minutes to reach his destination. But after completing half the journey, the man to...
Pipe A can fill the tank 5 times faster than pipe B, if pipe A and B together fill the tank in 50 minutes, then pipe B alone can fill the tank in:
In a 200 m race, P beats Q by 35 m or 7 seconds. What is P's time over the course?
A and B can do a work in 21 days, A is (7/4) times as efficient as B. In how many days, A alone can complete the (100/3)% of the work?
Working alone, B can complete the work in 20 days. C is twice as efficient as B and A takes 2 days more than it takes C to complete the work. Working to...
A car is moving at a uniform speed of 35 km/h. What is the time it takes to cover 140 km?
A can cultivate 3/5th of the land in 15 days and B can cultivate 1/4th of the land in 10 days. In how many days working together A...
The diameters of three inlet pipes of a cistern are 1.5 cm, 2 cm and 2.5 cm respectively. The pipe with the maximum diameter can alone fill up the ciste...