Question

The following shall not be included in the liquidation estate assets and shall not be used for recovery in the liquidation as per the provisions laid down under the IBC

A Assets owned by a third party which are in possession of the corporate debtor
B Assets of any Indian or foreign subsidiary of the corporate debtor
C 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
D All a b & c
E None of the above
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