Slump Sale definition

Slump Sale means the transfer of one or more undertakings as a result of the sale for a lump sum consideration without values being assigned to the individual assets and liabilities in such sales.
Slump Sale means sale of an undertaking on a going concern basis as defined under Section 2(42C) of the Income Tax Act, for a lump sum consideration without values being assigned to individual assets and liabilities;
Slump Sale means Slump Sale as defined under Section 2(42C) of the IT Act.

Examples of Slump Sale in a sentence

  • In such an event, the liquidator may retain the EMD, without prejudice to any other right or remedy that may be available to the Liquidator under this E-Auction Process Information Document (Sale via Slump Sale) or Applicable Law(s).

  • We declare that the Earnest Money Deposit/EMD and documents submitted in relation to the Eligibility Criteria as specified in the E-Auction Process Information Document (Sale via Slump Sale) and that the particulars of remittance and all other information given by me/us in the form is true and correct.

  • The following timetable shall apply to the E-Auction Process Information Document (Sale via Slump Sale).

  • We acknowledge that the Liquidator in his discretion may cancel and rescind the LOI issued in our favour in such a circumstance as specified in the E-Auction Process Information Document (Sale via Slump Sale).

  • I/We hereby unconditionally agree to confirm with and to be bound by the said terms and conditions of the Public Advertisement and E- Auction Process Information Document (Sale via Slump Sale) (including the Terms & Conditions of the E-Auction, Technical Terms & Conditions Of E-Auction Sale) and agree to take part in the E-Auction Process.


More Definitions of Slump Sale

Slump Sale meanss sale of assets of the Company as mentioned in Regulation 32 of Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 (As Amended). Slump sale of assets as mentioned in this Asset Sale Process Memorandum would be, on ‘as is where is basis’ and “No recourse” basis and the proposed sale does not entail transfer of title, except the title which the Company has on the assets as on date of the transfer, for a lump sum sale consideration without assigning value to individual assets, with an intension to commence the completion of power plant and start business activity after its acquisition.
Slump Sale means sale of an undertaking on a going concern basis, for a lump sum consideration without values
Slump Sale means the transfer and vesting of the Transferred Undertaking of the Transferor Company into the Transferee Company on a going concern and “as-is-where-is” basis for a lump sum consideration, without values being assigned to the individual assets and liabilities in terms of Section 2(42C) of the Income Tax Act and to be implemented in terms of Part III of the Scheme;
Slump Sale slump sale means the transfer of one or more assets as a result of the sale for a lump sum consideration without values being assigned to the individual assets in such sales.
Slump Sale means the sale of an undertaking on a going concern basis as defined under section 2(42C) of the IT Act, for a lump sum consideration without values being assigned to the individual assets and liabilities;
Slump Sale means the transfer of ETP Undertaking of the Transferor Company to the Transferee Company as a going concern and “as- is-where-is” basis for a lump sum consideration, without values being assigned to the individual assets and liabilities, in terms of Chapter 2 of the Scheme.
Slump Sale means the transfer of the Transferred Business, pursuant to its sale as an inseparable whole, and as a going concern for a lump sum consideration without values being assigned to the individual assets and liabilities in accordance with the provisions of the applicable Laws, including but not limited to the provisions of Section 2(42C) of the Income Tax Act, 1961;