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
Section 36 Liquidation Estate: (4) 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.
Select the related word/letters/number from the given alternatives.
AC : ZX :: GJ : (?)
“Abstain” is related to “Continue” in the same way as “Abstruse ”is related to which of the following?
Turkey: New Lira:: Poland: ?
Select the option that is related to the fifth number in the same way as the second number is related to the first number and the fourth number is rela...
Select the option that is related to the third word in the same way as the second word is related to the first word.
PARAGRAPH: AAAGHPPRR:: POLITICIAN: ?
If 98 # 86 = 120 and 59 # 95 = 90, then 79 # 98 = ?
Jnanpith Award : Literature :: Saraswati Samman : ?
Select the related number from the given alternatives:
15 : ? :: 14 : 2745
If 'PER' = '16518' and 'PERT' = '1651820', then ' PERCENT ' =
5 :124 :: 7 : ?