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Liquidation

Sir in liquidator remuneration amount realised on asset which is secured by laiblity does he gets remuneration on total asset realised or only for surplus amount after paying such secured liability ??


Enuguru Sai Nithin

Enuguru Sai Nithin

CA Inter

76K+

08-Mar-21 10:52

8

Answers (3)

It would depend on the specifics of a question. In some cases liquidator may not be allowed to even realise those.


Sahibdeep Singh

Sahibdeep Singh

Moderator

08-Mar-21 15:45

It would depend on the specifics of a question. In some cases liquidator may not be allowed to even realise those.

It is given that liquidator gets 3% remuneration on assets realised except cash and also there is a one asset which is secured by a liability and it has surplus


Enuguru Sai Nithin

Enuguru Sai Nithin

CA Inter

76K+

08-Mar-21 17:25

It is given that liquidator gets 3% remuneration on assets realised except cash and also there is a one asset which is secured by a liability and it has surplus

If that asset is realised by liquidator (and not by receiver) and nothing else is mentioned in the question, he may be given remuneration on the amount that asset realised. Please give a note to the same effect.


Sahibdeep Singh

Sahibdeep Singh

Moderator

09-Mar-21 10:31

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