“ Such a statement by the liquidator shook the consciousness of this court. This submission did not sit well with the Bench, which opined, However, the same may be done at the stage of liquidation. He also submitted that it is only during the Corporate Insolvency Resolution Process (CIRP) that a Resolution Professional cannot share the valuation report. In his defence, the liquidator stated that the IBC does not contain any provision on removal/replacement of liquidators, and hence, the present application must be dismissed. Consequently, the proponents quoted a price that was at par with the valuation report. In addition, the corporate debtor alleged that the liquidator had shared the entity’s valuation report with the prospective proponents, which gave them an upper hand. You can find dump trucks, laptops, medical equipment, tactical vests, tents, and much more, all offered in auction format with many items in large lots perfect for resale or group buys. If the Funds Management Branch is unable to liquidate the security after a reasonable amount of time, it will be returned along with an explanation to the Federal Executive Agency.On this ground, the corporate debtor sought relief from the Tribunal to declare all actions, duties and responsibilities undertaken by the liquidator as null and void, including the order to liquidate the entity. Government Liquidation offers an amazing array of Department of Defense surplus items for sale. We also have an ever-changing selection of vehicles, tools and equipment. Delivery may be available for state agencies located in Helena. We have a great selection of desks, file cabinets, chairs, tables, bulletin boards and shelves available at a fraction of the cost of new. View the proceeds process and methods of payment. Shop at surplus when your office needs furniture. Physical securities will need to be sent by registered mail or special messenger. Please contact the Bureau of the Fiscal Service to receive instructions on where to mail physical securities or wire electronic securities.
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