Distribution of unsold assets

(1) The liquidator may, 101[after approval of the committee and] with the permission of the Adjudicating Authority, distribute amongst the stakeholders, an asset that 102[could not be sold, assigned or transferred] due to its peculiar nature or other special circumstances. (2) The application seeking permission of the Adjudicating Authority under sub-regulation (1) shall- (a) identify the asset; (b) provide a value of the asset; (c) detail the efforts made to sell the asset, if any; and (d) provide reasons for such distribution.