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.
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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;
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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;
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Examples of Liquidation Estate in a sentence

  • Any asset lying at any premises/property of the company and not part of Liquidation Estate shall not be covered in any Block under this document and will not be available for sale/transfer.

  • Provided that where an asset is subject to security interest, it shall not be sold under any of the clauses (a) to (f) unless the security interest therein has been relinquished to the Liquidation Estate.

  • The proposed sale of Assets does not entail transfer of any title except the title which the Company had on the assets as on date of transfer i.e. relinquished assets being part of Liquidation Estate of the Corporate Debtor.

  • Further, it is to be noted that the assets not relinquished towards the Liquidation Estate of the Corporate Debtor shall not form part of the sale of the Corporate Debtor as a going concern.

  • Any asset lying at any premises/property of the company and not part of Liquidation Estate shall not be covered in any Lot under this document and will not be available for sale/transfer.

  • Any asset lying at any premises/property of the Company and not part of Liquidation Estate shall not be covered in any Block under this document and will not be available for sale/transfer.

  • The Liquidator has the control of the Assets and Properties of the Corporate Debtor, including the assets and properties, in which the Financial Creditor held the security interest and since relinquished to the Liquidation Estate of Corporate Debtor.

  • Any proceeds received on account of the applications filed under these sections 43, and 66 shall not form part of the liquidation sale of Corporate Debtor as going concern under this E-Auction; however, shall be part of the Liquidation Estate for distribution as per section 53 of the Liquidation Regulations.

  • 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.


More Definitions of Liquidation Estate

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.
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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.

  • 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 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.

  • Deemed Liquidation Event means: (i) a merger or consolidation in which the Corporation is a constituent party or a subsidiary of the Corporation is a constituent party and the Corporation issues shares of its capital stock pursuant to such merger or consolidation, except any such merger or consolidation involving the Corporation or a subsidiary in which the shares of capital stock of the Corporation outstanding immediately prior to such merger or consolidation continue to represent, or are converted into or exchanged for shares of capital stock that represent, immediately following such merger or consolidation, at least a majority, by voting power, of the capital stock of the surviving or resulting corporation or if the surviving or resulting corporation is a wholly owned subsidiary of another corporation immediately following such merger or consolidation, the parent corporation of such surviving or resulting corporation; or (ii) the sale, lease, transfer, exclusive license or other disposition, in a single transaction or series of related transactions, by the Corporation or any subsidiary of the Corporation of all or substantially all the assets of the Corporation and its subsidiaries taken as a whole, or the sale or disposition (whether by merger or otherwise) of one or more subsidiaries of the Corporation if substantially all of the assets of the Corporation and its subsidiaries taken as a whole are held by such subsidiary or subsidiaries, except where such sale, lease, transfer, exclusive license or other disposition is to a wholly owned subsidiary of the Corporation.