Liquidation Estate definition

Liquidation Estate means the assets of CD vesting under the control of the Liquidator, and over which the Liquidator has rights to deal with the same in accordance with the provisions of IBC, Liquidation Process Regulations and applicable laws.
Sample 1Sample 2Sample 3
Liquidation Estate means the Liquidation Estate established by the Liquidator pursuant to the provisions of Section 36 of the Code and as provided in Clause 9 read with Clause 10 of this Memorandum;
Sample 1Sample 2Sample 3
Liquidation Estate means, an estate of the assets in relation to the corporate debtor formed by the liquidator under Section 36(3) of the IBC;
Sample 1Sample 2

Examples of Liquidation Estate in a sentence

  • Sale of Assets and Properties owned by Gajanan Oil Pvt Ltd (in Liquidation) forming part of Liquidation Estate, by the Liquidator, appointed by the Hon’ble NCLT, Mumbai Bench vide order dated 12th February 2020.

  • Sale of Assets and Properties owned by EMI Transmission Ltd (in Liquidation) forming part of Liquidation Estate, by the Liquidator, appointed by the Hon’ble NCLT, Mumbai Bench vide order dated 12th February 2020.

  • Majority of the assets of the company comprising the Liquidation Estate have already been sold by the Liquidator under the Code.However, some assets (receivables/trade debtors) of the company which have been construed as Non-readily Realisable assets owing to several issues, have been contemplated to be assigned or transferred under Regulation 37A of IBBI (Liquidation Process) Regulations, 2016.

  • Sale of Assets and Properties owned by Antrix Diamond Exports Pvt Ltd (in Liquidation) forming part of Liquidation Estate, by the Liquidator, appointed by the Hon’ble NCLT, Mumbai Bench vide order dated 20th September 2019.

  • The Intending Bidder must satisfy himself with the state and condition of assets/properties under sale through E-Auction before submitting his/its bid, and neither the Liquidator nor the Liquidation Estate will be liable on this account.

  • Mr. Gian Chand Narang, an Insolvency and Bankruptcy Board of India’s (IBBI’s) Registered Insolvency Professional, holding IBBI Registration Number: IBBI/IPA- 002/IP-N00362/2017-18/11031 and the then Resolution Professional, was appointed as the Liquidator of the Company.Majority of the assets of the company comprising the Liquidation Estate have already been sold by the Liquidator under the Code.

  • Sale of Assets and Properties owned by Hotel Reeva Pvt Ltd (in Liquidation) forming part of Liquidation Estate, by the Liquidator, appointed by the Hon’ble NCLT, Mumbai Bench vide order dated 26th September 2019.

  • Sale of Assets and Properties owned by Turbo Metals Pvt Ltd (in Liquidation) forming part of Liquidation Estate, by the Liquidator, appointed by the Hon’ble NCLT, Mumbai Bench vide order dated 12th February 2020.

  • However, Liquidator has made it clear that payment of gratuity is not treated as Liquidation Estate.

  • Because the “purpose of [this] defense[] is to protect transactions that do not adversely affect other creditors because the estate has received new value,” Rocin Liquidation Estate v.


More Definitions of Liquidation Estate

Liquidation Estate means the Liquidation Estate established by the Liquidator pursuant to the
Sample 1
Liquidation Estate means all types of property assets (property and property ownership rights) of a bank, which it owns as of the day when the liquidation procedure has been initiated, as well as those discovered during the liquidation process.
Sample 1

Related to Liquidation Estate

  • Liquidation Event means, whether in a single transaction or series of transactions, the voluntary or involuntary liquidation, dissolution or winding up of the Company or such Subsidiaries the assets of which constitute all or substantially all of the assets of the business of the Company and its Subsidiaries, taken as a whole.

  • Excess Liquidation Proceeds To the extent that such amount is not required by law to be paid to the related Mortgagor, the amount, if any, by which Liquidation Proceeds with respect to a Liquidated Mortgage Loan exceed the sum of (i) the Outstanding Principal Balance of such Mortgage Loan and accrued but unpaid interest at the related Mortgage Interest Rate through the last day of the month in which the related Liquidation Date occurs, plus (ii) related Liquidation Expenses.

  • Deemed Liquidation means a liquidation of the Company that is deemed to occur pursuant to Treas. Reg. § 1.708-1(b)(4) in the event of a termination of the Company pursuant to Section 708(b)(1)(B) of the Code.

  • Net Liquidation Proceeds With respect to any Liquidated Mortgage Loan or any other disposition of related Mortgaged Property (including REO Property) the related Liquidation Proceeds net of Advances, Servicing Advances, Servicing Fees and any other accrued and unpaid servicing fees received and retained in connection with the liquidation of such Mortgage Loan or Mortgaged Property.

  • Liquidation Distribution has the meaning specified in Section 9.4(d).

  • Liquidation means the distributions of the Trust Account to the Public Shareholders in connection with the redemption of Ordinary Shares held by the Public Shareholders pursuant to the terms of the Company’s Amended and Restated Memorandum and Articles of Association, as amended, if the Company fails to consummate a Business Combination.

  • Liquidation Proceeds Amounts, including Insurance Proceeds, received in connection with the partial or complete liquidation of defaulted Mortgage Loans, whether through trustee's sale, foreclosure sale or otherwise or amounts received in connection with any condemnation or partial release of a Mortgaged Property and any other proceeds received in connection with an REO Property, less the sum of related unreimbursed Servicing Fees and Advances.