Which of the following is/are true regarding Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016?1) Liquidator should not ordinarily sell the assets through auctions.2) Regulations allow insolvency professional from acting as a liquidator for a corporate debtor even if he is not independent of the corporate debtor.

Which of the following is/are true regarding Insolvency and Bankruptcy

1.	Which of the following is/are true regarding Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016?1) Liquidator should not ordinarily sell the assets through auctions.2) Regulations allow insolvency professional from acting as a liquidator for a corporate debtor even if he is not independent of the corporate debtor.
A.	Only 1
B.	Only 2
C.	Both 1 and 2
D.	Neither 1 nor 2
Answer» E.

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