Going Concern Sale definition

Going Concern Sale means sale of the Corporate Debtor in accordance to Regulation 32(e) of the IBBI (Liquidation Process) Regulations, 2016 including its assets, liabilities, and properties on “as is where is, as is what is, whatever there is, and no recourse basis”
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Going Concern Sale means a Transfer where:
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Going Concern Sale means sale of the Corporate Debtor in accordance to Regulation 32(e) of the IBBI (Liquidation Process) Regulations, 2016 including all its assets, liabilities, and properties on “as is where is, as is what is, whatever there is, and no recourse basis” Clarification: The Liquidator shall settle all liabilities in accordance to section 53 of the Code.
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Examples of Going Concern Sale in a sentence

  • The obligations of the Successful bidder under the terms of this Going Concern Sale shall remain unaffected even if any of the reliefs/concessions/waivers, if any, sought by the successful bidder are not granted by the appropriate forum.

  • Going Concern Sale under regulation 32 of the Regulations:The Liquidator has the option to explore Going Concern Sale (GCS)- sale of the CD as a going concern or sale of the business of the CD as going concern-alongside other available modes for sale.

  • The Board reviewed the information and agreed that the Going Concern Sale application can be rescinded; however, the Board needs to further investigate whether an assessment for a previous transfer is required.

  • The DIP Facility Claims, including the Contingent Indemnification Claims, and the Pre-Petition ABL Obligations have been or will be satisfied pursuant to the terms of the GW Going Concern Sale Order and/or other orders of the Court, including the Confirmation Order.

  • Staff have been receiving a number of inquiries about the Going Concern Sale Policy.


More Definitions of Going Concern Sale

Going Concern Sale means sale of the Corporate Debtor in accordance with Regulation 32(e) read with Regulation 32A of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, including all its assets, liabilities and properties on “as is where is”, “as is what is”, “whatever there is”, and “no recourse basis”;
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Going Concern Sale has the meaning ascribed to it in Section 6.8(i).
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Going Concern Sale means sale of business of the company including all its assets and properties on “as is where is basis”.
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Going Concern Sale means the sale of the Project (whether through a sale of the Project assets or the sale of the Company’s Capital Stock) to a Going Concern Buyer.
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Going Concern Sale shall have the meaning set forth on Schedule 5.15.
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Going Concern Sale means a sale or other disposition, outside of such Subsidiary’s ordinary course of business, by Borrower that closes on or before the Maturity Date, of (i) all or any of the Collateral, (ii) all or substantially all of the assets of any of the Subsidiaries, or (iii) any of the Subsidiaries Stock, each of which sale or sales shall be subject to the prior written consent of the Bank, in its sole and absolute discretion.
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Going Concern Sale means sale of the Corporate Debtor in accordance to Regulation 32(e) of the IBBI (Liquidation Process) Regulations, 2016 including all its assets, liabilities, and properties on “As is where basis ”,“ As is what is basis”, “Whatever there is basis” and “No recourse basis”.
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