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.
How is B related to L?
'J+K' means 'J is the brother of K',
'J – K' means 'J is the daughter of K',
'J × K' means 'J is the father of K'.
If, 'V+K – ...
W is the son of S. V is the son of T. W is married to U. U is T’s daughter. How is V related to W?
There are six persons P, Q, R, S, T and U. R is the brother of U. Q is the sister of T's wife. S is the mother of P and grandmother of U. There are two ...
Who among the following is married to F?
Who among the following is husband of R?
_____ is definitely the brother-in-law of _____.
Four of the following five are alike in a certain way and thus form a group as per the given arrangement. Which of the following does not belong to tha...
Four from the following five are similar in a certain way and forms a group. Find out the one who does not belong to that group?
Sonam introduced a woman in a function, “She is the wife of the only son of my father’s brother’. How is the woman related to Sonam?