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Liquidators can't combine asset sales, deposits for fees: IBBI

"Amount realised means an amount that is being realised from the sale of an asset where the asset changes form. Where the asset is already liquid such as cash and bank balance, including term deposits, mutual funds, and quoted shares, there is no realisation , and funds are readily available for distribution. The amount realised, thus, implies the proceeds from the sale/realisation from the liquidation of assets which are not liquid," the Insolvency and Bankruptcy Board of India (IBBI) said in the order dated September 28.

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