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Assets couldn't be sold to a person who is ineligible u/s 29A of IBC during liquidation process

March 18, 2020[2020] 115 15 (NCL-AT)

IBC : Where it comes to notice of Liquidator that a secured creditor intends to sale assets, to persons who are ineligible in terms of section 29A, it is always open to reject application under section 52(1)(b), read with section 52(2) and (3)

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