Exclusion of certain assets from the liquidation estate
Regulation 46AofInsolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016
134[Exclusion of certain assets from the liquidation estate For the purposes of clause (e) of sub-section (4) of section 36, wherever the corporate debtor has given possession to an allottee in a real estate project, such asset shall not form a part of the liquidation estate of the corporate debtor.]