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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